And doesn't insult my intelligence by telling a tear down just needs "paint and carpet".

What's the best way to paint a house that is being renovated (to be flipped)?

What's the best way to paint a house that is being renovated (to be flipped)?

I may want just a little paint, carpet, and touch-ups if need be.  

That apartment has been occupied for the last 10 years so it's not like we will charge them for carpet and paint or much of anything at move out.

I would say you need to plan for the following to happen to you during the next 15 years:- May need to drop rent by $200/month for a while due to market conditions- May have 2-3 months of lost rent due to vacancy and/or eviction- Broken garage door opener, hot water tank, furnace, or appliance requiring a repair man and possible replacement- Need to replace carpets or re-paint the entire unit and it's not covered completely by damage deposits.- HOA fees and taxes continue to go up every year but may not be possible to increase the rents due to market forces.If you have a good W2 job and you can hang on for 15 years and cover these situations I would actually say you should keep the place!    

Dry wall, textured paint.....the works. 

Wood rotted for lack of paint leading to major expenses.

It doesn't appear to need a ton of work (paint, carpet, drywall repair, few kitchen updates) but I need to understand the cost while I'm currently in the option period.

Major part of roof is flat that we have painted silicon on every few years.