I was looking for something just a little shabby that could use a bit of landscaping, painting, maybe a light fixture here are there.

Keep in mind you will probably have to pay a Realtor commission if you choose to work with one.????

I just got a letter in the mail from the city saying I was in violation of lead based paint.

i had contract to purchase a 2 unit for 21k that needed only paint/carpet.

This is why I choose to invest out of state, much farther than 12 hours away though!

They are greatly appreciated.Bob, you mentioning $500 in paint reminds me of my first rental back in the 1960s.

The property manager screwed this one up badly and the tenant probably being a slight bit unbalanced or just fed up, has escalated to the point that there is no return, he has painted himself into a corner now.

Of course I look for value plays where a little paint and carpet goes a long way.

If this is how you choose to treat "rent credits" I would use a separate check, just as Bill Gulley mentioned in his earlier response.

If I can find a partner to sign for the mortgage she will sell for 25K.The Deal:2 bedroom 1 bath SFHAssessed in 2013 at 51KRents in the area average $750-$850 for a 2/1Taxes - $1900No structural or mechanical issuesNeeds carpet and maybe paint.