You can lose your whole real estate empire with a valid lawsuit.With low skilled jobs like painting, laying tile or carpet, I can understand going cheap.  

There are many other things included in CapEx that will need to be replaced (carpet, appliances, paint, etc

The general consensus is that your time is better spent doing more deals that will make you more money than laying carpet and hanging drywall.

Hey guys, so my wife and I just bought a quadplex here in our market (details will be in a separate post), and one of the four has carpet lying on the concrete slab.

If it's sitting vacant, you're paying $2,000 with no cash flow & the potential for additional expenses once the current tenant moves out & to get a new tenant into the property (new paint, carpet, marketing, etc.)Pay down the loan on your primary residence!!!

My parents have one but their basement is finished and carpeted...

It needs about $20K in repairs (carpet/flooring, int. paint and some drywall patches, int. doors and trim, misc lights and hardware updating, ext. siding and fascia repair).

no clue here which colors to pick 2. interior walls - was looking in this forum for neutral grays for a smaller city row home with pine flooring on 1st floor and upstairs hall; gray carpeting in bedrooms. 

We are actively looking to build our portfolio.The first house was "move in ready", but soon after our first inspection, we realized that there needed to be a few changes to the house . . . new lighting in the basement, replacing GFCI fixtures, radon mitigation, new carpet, paint, sprinkler system, etc. 

They don't cost much.You basically want the house to have good systems (those are expensive to fix) and horrible cosmetic issues (paint, carpet, cheap easy to replace things).