Most of the properties I am sent are outdated and would need kitchens and bathrooms redone, flooring and paint.

New paint, new carpet, etc. 50/50 of tenant occupied and vacant.Contract 2: SFH.

Paint, new flooring, new doors and work outside.

Mustard was paint.

landscaping, paint, flooring What was the outcome?

In this case, the C.A. gave this property a FCV of $179K and the owner did do quite a few projects recently (i.e. new A/C, new A/C ducts, one new water heater, painting, flooring, etc.).

Anthony, This is going to go against the grain a bit as far as advice goes, but in your particular situation where you will be living there yourself:  - Go with Avon, Plainfield, Brownsburg, Carmel  - Don't worry about cash flow potential in a year, think in five years  - These properties will actually appreciate vs. the rinky dinky 100k home (disclaimer - I have one of those too, not hating)  - Tenants will be more long term which equals less turnover costs (carpet/paint etc. is expensive every year)  - Less likely to default/evictI have two in Indianapolis, have spent countless hours talking to brokers/property managers and getting lay of the land. 

All it needs is a new fresh coat of paint for a rental.

A kitchen can be painted cabinet and new laminate counters (maybe $2,000) or you could spend $10,000 on the appliances alone. 

Would hate for them to think it just needs a coat of paint and new floors, but turns out the foundation and pipes are $15k in extra costs!