Hi @Jose Torres,Realistically if they are things that are like paint and carpet and cabinet handles and moldings etc, your best bet is to find another place to live. 

Hey Everyone,I have a tenant that is doing drugs in one of my units and has already damaged a window and the carpet is full of burn marks.

Maybe paint and change the floors, I was thinking it might be less expensive to invest in durable floors instead of having to take care of the carpet that needs to be changed oftenly...Also I wanted to understand what is your reasonning when you say that 12% COC ROI is your initial floor.

The tenant who was nice although very very messy lol.

I had a two people look at and both mentioned the carpet in the second MBR.

Also make sure if it was newly renovated they didn't lipstick the property with carpet,paint, replace door knobs etc.You want big items like heating,a/c, roof, plumbing, electrical,etc. to have a lot of life left on them.If you buy based on inflated rents and then have flat to depressed rent in coming years, higher turnover and make ready costs, and high capital costs for large ticket items you could lose a bunch of money.Make sure the property insurance policy is not a master one insuring multiple properties as the owners policy could be low in cost compared to what you will pay.

Basics like carpet and paint don't sound like they would cost much...until you multiple by 325 units.

So the first house should only need simple stuff like drywall, paint, carpeting etc.Then, after rehab we will sell it immediatly and split up our profits.

Oil is expensive, messy, and problematic (see soot and puffbacks).

Broken blinds and stained carpets are more cosmetic items.