What are the most important factors when deciding who to select as your tenant. I know income and credit are important, [LINKS REMOVED]

Looking forward to hearing what you think.

Thanks!

Drywall and prep for paint.4.

Meaning when I go buy a car I don't look at the paint job.A paint job is just small money and some gloss on the tires.I focus on the expensive items like the bones of the vehicle.So with a house I know which items are cheap to fix and which items are expensive and I also know if the repair they are claiming was made when trying to sell to me is correct or it was done improperly and will fail soon and will need to be redone completely.You can try to find another manager but if you have a little house where the manager only make 60 bucks a month etc. there is not much money to be had for the grief involved.I just hope you didn't overpay for this property and expect to try to unrealistically cut repairs to now maintain a profit margin.That won't work and will eventually hurt you upon resale of the property with deferred maintenance.A number one mistake I see is over paying and then grasping at anything to cut costs.

Let them know what you are doing & ask them how their underwriters would need the "deal flow/documentation" to be with the buyers option fee/your assignment fee.That way you'll know for sure & can let the buyer know that they can use that specific M. broker when they are ready (win-win-win).Let the M. broker know you'll be referring all your buyers to them when they are ready to buy & possibly for credit repair services (if needed) before then.NOTE: You might get one (or more) M. brokers telling you that "there's no way do that"... just move to the next one & you'll find a few to choose from.Basically, it's the underwriters that will determine how they need it to be documented so it will count for the buyer when they buy.Hope that helps,JvM

I'd paint it.

Also, paint the walls a darker neutral color, it will not show as much wear and tear and will be easy to touch up when the tenants move out.

Outside of needing an exterior paint job, it's in great shape.

Got it for $72k and will put about $3k into it (new appliances, carpet upstairs, paint upstairs).

That would be a real eye opener.I think at best what is painted is a (BEST CASE SCENARIO) that hardly ever happens.This is done to get the prospect excited and wanting to buy.It's nothing but marketing at it's purest form.I wonder with turn key investments how many are newer investors and how many are seasoned investors??

To do minor touch up let's say paint and carpet for $5k and I could resell it for $60-65k.