It might turn out that you don't rehab at all for now other than some paint.Tenants will be hard on your floors, walls, cabinets, landscaping to name a few things.

I know plenty of people that just quit their good paying job to jump into REI or RE full time only to have to go back.This industry is not set up statistically to quit your day job and do this full time from one day to the next.

I am not as familiar with the investing landscape in Northwest Indiana, but I know that @Brie Schmidt is connected with someone that knows that area well. 

For example, my average 2000 ft home needs on average $20,000 in upgrades to be ready - so $10/ft has been my average ( carpet/paint/granite kitchen/wood & tile floors, plumbing fixtures, landscape, hot water tank, HVAC repairs, $1-2K in Home Depot items as well).

Crazy to say but statistically most of the people who typed responses in this thread will get some form of cancer if they live long enough

Shoveling snow, keep sidewalk clean.Over the years, based on our experience with tenants:We now use a landscaper who lived in the neighborhood.

Statistically speaking your situation would be the outlier but glad it worked out for both you & her.

I tell all of my landscaping clients that I invest in real estate and one of them reached out to me after bugging her for years.

They asked her to change her landscape contractor (why she didn’t have the landscape be her renters responsibility for a b/c class house is beyond me) and she has literally changed almost every appliances (not even that old) in that house just to keep them quiet.

My guess is that the typical offer pitch describes all the benefits to the tenant - rent credits, locking in the price today (all of which are tied to ultimately purchasing the property btw) - without pointing out that statistically it’s very unlikely they’ll ever see any of those benefits and therefore lose many thousands of dollars in option consideration.