I hope it’s colorful.

Nice color on the walls, David.

Replacing a 3 tab shingle with a architectural shingle and ship lap wooden siding with more decorative and colorful fiber cement boards, I would think should be considered improvements.  

Certainly address the mechanicals, you will need to comply with HUD guidelines for health and safety and after that, it is up to you. the following basic materials are for you to consider when completing your renovation, while considering the future implications of tenant turn-over:*FlooringNO CarpetTile wet areas if this in your budget or simply install a resilient Rubberized Vinyl Floor plank systemGeneral areas - either refinish hardwood if existing or a new resilient tongue & groove laminate flooring*PaintStandardize the paint color throughout the entire interior, do not get fancy with painting different rooms different color, just more of a headache to deal with at each tenant turnover*ElectricalUpdated electrical schedule, new outlets and switches you want everything to be nice and bright, you want the wow factor no matter the area or rents, you want everything to be clean and look appealingNew Lighting schedule - consider using LED - it is brighter (better presentation) - more energy efficient and should be a smaller maintenance burned over time.

Showing my newbie colors here. 

I have a two tiered method.First I send them a bold colorful announcement that my LLC buys houses in cash.

Same as judging some one because of the color of their skin, their religion etc.

Title VIII of the Civil Rights Act of 1968, as amended, prohibits discrimination in the sale, rental, and financing of dwellings, and in other housing-related transactions, based on race, color, national origin, religion, sex, familial status (including children under the age of 18 living with parents of legal custodians, pregnant women, and people securing custody of children under the age of 18), and handicap (disability).Better take a landlord class and get your act together.

Account ClosedFocus on making money first.When you're making good money, get a good tax CPA/EA on your team as an external partner to mitigate your tax burden and plan.If you don't own any rental properties and haven't done a single flip you shouldn't be thinking about LLCs and S Corps...My two cents.Get that train moving before you start thinking about what color to paint it.

I am an email person, but the project manager was a phone person and ignored some of my emails so my houses were painted in the wrong color.