I would say start with a "cosmetic fixer" that has good bones for all the major systems ... good roof, good structure, good electric, good plumbing, good heating ... however, all the cosmetic stuff is ugly, smelly, dirty, and dated. 

It has some issue mostly cosmetic with maybe something going on with heat pump although it did turn on. 

This will not be a huge project (mainly cosmetic) and my budget is currently under $30,000.

Can have some cosmetic issues - doesn't have to be the prettiest building on the block - actually prefer one to fix up - only cosmetically - no structural defects. 

Especially if you're only looking to flip a property that needs a modest amount of cosmetic work.Then, as you do more deals, it would make sense to setup an LLC. 

At this point I would be surprised if the PM will repair cosmetics while you are living in the unit.  

Needs paint, cosmetics. everything works.  

He got $4000 for bringing us a townhouse deal, it needed small roof repair, cosmetics where leak was, and some updating.

If this is a mid-level (not luxury) rental, I would probably be in the "don't do too much camp" (maybe very minor cosmetic stuff)..

House 35k + inspection report 15k =50k personal cosmetic changes 30k we're 80k in at this point, misc 10% 8k total 88k  Appraisal with repairs  230k -88k - 142k    Same house with lower appraisals makes a difference.