This is not only going to add to massive deficits on a short term basis, but also will roll out a red carpet precedent for future bail outs of even more disgustingly irresponsible wasteful spending and gross mismanagement.Your tax dollars hard at work.

Renovations will include LVT flooring, new carpet on the second floor of the units, refinished cabinetry, stone countertops, sink/faucet combo, and bathroom upgrades including a new vanity, light bar, mirror, shower/bath fixtures and tub surround.

I worked on our units kicking in carpet, installing tile floors, painting, cleaning etc. until I could afford to have someone else do it.The Pros: I learned what it takes to do a job; I have an appreciation for what it takes and I pay my guys accordingly. 

Which I would never do unless it was in a very covert way since discriminations is not allowed based on family status.Case in point #2: House that is 2.9x bigger will be 3x more expensive to carpet, heat, cool, clean, roof, etc. 

All the usual rehab stuff like paint, carpet, etc still needs to be done as well.

I started selling my own Las Vegas properties in 2020, have a few more to sell and it looks like my timing is a little off and prices have been on the rise.Regardless, of my timing to sell, the only reason I am selling in Las Vegas is because of the 280 miles from Los Angeles to Las Vegas, the property management company costs, the failure for the management company to know that almost every property was being destroyed, every house had huge dogs, one house was literally used for a dog kennel and the cost to clean every house with painting, carpeting and other repairs was $6,000 to $12,000.

I would look for a house with good bones (no roof, foundation, major renovation issues), but needs new carpet, paint, etc... 

They are appraising as 3 bedroom, not sure how that works. 4) The AC is 16 years old and will probably need to be replaced soon 5) The hot water heater is also old 6) Crawl looks clean but there are rodent boxes down there-like the ones you see near businesses so wondering about that 7) The house was in disarray, needs new carpeting and paint and some work in kitchen, no hardwoods.Would need upgrading if re-selling 8) master is odd, no linen closet in bathroom but there is one in master bedroom 9) no laundry room- they have the laundry in a bathroom in the kitchen. 10) The entry is odd and unusually narrow, as if they enlarged a room and it encroaches on the entry. 11) bathrooms are small.

Flooring, replacing old carpet with engineered hardwood or laminate, or refinishing hardwood.4.

Most 95%+ of real estate investors are what I call non value add investors meaning they buy a property maybe put paint and carpet and rent it out and try to make cash flow.