@Saravanan Saravanan- 6 month redemption period- If tax sale, all funds from the sale goes to the county- CFD - 50% equity, must foreclose as opposed to eviction- CFD - 90 day wait period given to the borrower to reinstateAll in all, MI is much better than OH and IN

This would include all of your exterior surfaces. 

We have a a signed purchase agreement, but the bank is asking for sheathing on the exterior of the chimney.  

My contractor just quoted me $22k to do flooring throughout, two bathrooms tiled and new shower installed, 7 new windows, paint and skim work, new kitchen countertops and cabinet repaint and a good deal of exterior work (siding, tree removal, re-paint)I'm not replacing kitchen cabinets though so thats a big one, but not a $60k big one.

I have a clause in my lease that if the property is fined for not following local ordinances on the exterior grounds keeping that the fine is added as additional rent and the tenant is responsible for payment.

Make sure you have some level of detail ready for the discussion like interior and exterior finishes etc.

When we close on a new rental property, we plan the first weekend after closing, have materials ready to go, and hire workers, like we have a guy who works for a painter during the week that will come in and plaster/paint the more difficult rooms while I paint the easy ones, my husband is great with electrical, we both do the little stuff like caulk, clean up the exterior, while a handyman is there changing out a toilet or other items we just don't want to do, and Lowes is delivering any appliances. 

Not much to update for the interior but the exterior is a complete mess as far as curb appeal goes. 

I'm trying to see if anyone would recommend this route opposed to window units (which I hate..), what the general cost would look like, how is maintenance, how is it re: energy, etc.?

@Monica Evans I am not opposed to dogs in my rentals.