Asking price: $69,900Owner purchase price: $49,900 (they closed in the middle of December on the property) Estimated Rehab: $10-15,000- total rehab of small bathroom, new roof, new interior doors, carpet in 3 BR's, new windows and new siding. 

For nicer units with white carpets and expensive materials, you may want to not allow pets.

They had smoke stains on the walls, burned old blue carpets, pink bathtubs and garbage everywhere but they just trusted that I’d make the old units look like the one I had just finished.

The money would also cover rehab if someone trashed it and it needed paint and carpet.

Hardwood once the carpet is removed.

. $1000 for each new bedroom, and $3000 for installing carpet of the extremely beautiful Birdseye maple flooring.

That money being spent to replace the furnace that just went out, now becomes and investment into a higher efficiency furnace which will lower cost for the next renter.The cost to replace the old almond or white fridge now can be used to buy the stainless steel fridge that will maybe help raise rents.The cost of new carpet / updated flooring will also drive value up in your investment for future tenants or future owners.If you don't have the property, that money isn't being spent on a forced re-investment into your property.  

Before pic frontAfter, added pop outs to give it a modern look and a fresh coat of paint.Back yard before.After, pool had to be redone and added grass and put in tile work in patio area (the concrete was very damaged)Before, main entrance/main living roomAfter, fresh coat of paint to walls and door.Before, dinning area and stairsAfter, new carpet through out 2nd floor and up the stairs.Before kitchenAfter, the kitchen and master bathroom were the biggest changes (more $$) well you can see the difference.You can see that we added the pantry (below is the pics of pantry before)yuk!!

Before we moved out, we repainted the wall, washed the carpet, make sure all appliances were in working condition, and cleaned the whole condo.

As far as bullet proof- laminate/hard wood or vinyl instead of carpet.