I am looking at two approaches:1- Do the repairs myself, which would make me lock in a good chunk of money until I get cashed out2- Do the bare minimum (A/C, appliances and an outdoor window) and then give credits to the tenant if he decides to make the other repairs (paint, new carpet, garage door)Questions:1- What would make more sense financially?

i barely survived 08....

A 4 plex is pretty low intensity, I have one that I barely go to once a month aside from doing turns. 

Our bare minimum for even an easy rehab is 35% but we'll occasionally dip to 30%, so a major rehab has to be worth it in a MAJOR way ROI wise.  

Definitely make sure to read all the free guides and participate in the forum.

I've enjoyed many podcasts, read several guides, and have participated in a few webinars.

On the other hand, if this is somebody who has a great track record and access to awesome deals that you'd like to participate in going forward, then you might want to consider how you approach it.From a legal standpoint, you haven't really given enough information to determine where you stand.  

We also took a lot of risk in terms of it appraising for the final sales price, because the only reason we were able to buy it for cheap was because it was in a tiny neighborhood that is just barely starting to gentrify, but surrounded by higher priced neighborhoods.

We live way below our means and barely carry any debt.

So with the drought here, what's left of the grass is barely alive, I water a little bit, however I have monster weeds that is hard to remove, and shoots up about 2 feet tall in no time and needs to be mowed down.I am in the process of remodeling, so I don't have time to up keep the front, it looks really bad.