And the majority of the repairs I thought were needed on the property were cosmetic to bring the house from the 80s into the 2020s.As the list of items that needed to be repaired before I felt I could reasonably rent out the property grew, I soon realized I would be sinking a significant amount of money into the house.

After closing, we performed minor cosmetic improvements ourselves.

the days of buying a random property and doing a cosmetic rehab to boost the ARV are gone. 

There is still a lot to be done, but most of it is cosmetic.  

If those are all in good shape then most of the other stuff is minor and cosmetic.

Plumbing inspection is typically recommended after foundation repairs as well as more cosmetic work on windows, doors, drywall, and ceiling cracks.

Tenants are paying all utilities so expenses are just taxes and routine maintenance.

From what I’ve seen, the acquisition cost may be 70% of the ARV, which leaves absolutely no money to do a rehab (and the house may very well need a cosmetic or full rehab).

@Shulammite Ng initially the Palm Beach properties were intended or occupied by family. 1 was a full gut reno, the other 2 needed cosmetic work.

While it is going to need a full cosmetic overhaul, the juice is well worth the squeeze as Manayunk is a rapidly appreciating area and will be worth a vast amount in the future.