Yes, the kids are messy and we have to repaint and clean the carpets  each year but nothing has been broken...yet.  

Based on those numbers you should be able to find a Paint and Carpet rehab with some minor updating within the LOC financing.

Other improvements were cosmetic: painting, removing carpet.

For bedrooms is it better to go with laminate vs carpet?

Other improvements were cosmetic: painting, removing carpet.

Mostly a paint and carpet rehab.

The home has noticeable mold, damp (at least) carpet, and then normal foreclosure issues (builders grade fixtures, built in 87 and never updated).  

so this property needs: some light foundation work. quote on file with local company- not open til mondaynew roof- oldand... paint, carpet, has ugly paneling, etc. built in 1970, kitchen rehab(cabinets are good, layout good)i looked at a neighbor house that is currently for sale for 170000. it has firmika counter, no laminets or hardwoods. vinyl tile and carpet and lenolium. new paint. nice. clean. house.so again i ask what ya think.thank you in advance,J.D. holifieldwww.MidStateProperties.com

From my experience, the ARV is always what you put into them, whereas if you pick up a good property valued at $120K for between $45K to $55K, there is no repair cost except the normal painting, carpet cleaning and all your certifications, C of O and your city of Trenton rental fees and you are good to go.

Not to mention how stained they left my carpet.