Your offer price then would be 163,000 going in.Seller always like to underreport expenses and puff occupancy to paint a rosy picture.

New carpet, tiled bathrooms and fresh neutral paint throughout.

The last sounds absurd to me, however, I know laws can be weird.The former landlord suggested that I Paint/repair/etc... and rent it as soon as I can, and mentioned nothing of evictions etc, but I was wondering if this was correct.

If you want to help your friend buy them a beer or offer to come over and help paint to get it ready to put on the market.

Refinish hardwoods or Paint the floors and varnish - no more carpet replacement.

As long as there is a reasonably easy way to add a closet, and a window to the outside world, we just throw up some studs, drywall, texture, paint, and install a door, and we have a new bedroom.Putting up walls and doors typically run us about $500-800 total.Bathrooms are a different story.

Ideally, one would look at the estimated cost for essential repairs such as demo, drywall, paint, floor prep, electrical and plumbing, etc., and then choose cabinets, countertops, and flooring based on what remains in the budget.

Jenkins Ramon The general info: Built 19611976 sqftEach unit is 3/1 (Upper/Lower)Work: New entry door, paint & carpet, minor aluminum soffit fix, a down spout needs to be put back up.New Furnaces, windows & Water HeatersTenants m/m one tenant been there for 2.5yrs and the other almost 2yrs.I was excited about getting this under contract just before the REIA meeting!

Its a big job grinding(diamond cutters), patching, polishing(finer diamond cutters), staining and sealing a concrete floor.I could see it in a converted warehouse setting with open floor plan, sandblasted heavy timbers, and painted industrial ductwork, etc.

I put 1K$ in paint, faucets, etc. doing all the work myself.