I think that it probably costs roughly the same amount for materials, appliances, etc here in Denver as it does in Cleveland, while labor might be about 25% more expensive.

There is a few listings currently right now that are 500sqft for $925 in a less desirable street.I'm pretty certain that I can get $1,000/month after I remodel the bathrooms, change the floors to hardwood, remodel the kitchens and new paint.

I'm thinking of putting tile everywhere downstairs, and in bathrooms and kitchens upstairs.

It's a corner unit with a very large backyard compared to its neightbors.My idea was to buy the house, update the kitchen as it's a bit dated and then rent it out within a couple of months.

The more of the following you are able to provide, the higher a price you can request:Inspection report by licensed inspector, legitimate sold comps within 0.1 mile range, roof warranty from licensed roofer, permits for the work performed, disclosure of how much electric/plumbing/HVAC was replaced, warranty for the heater (if new) or disclosure of what service was performed, age of windows and grade of windows (if new), warranty on appliances (if new), last service on appliances (if used), grade/brand/color/installation date of cosmetic materials (flooring, paint, etc.), etc.If tenant in place: strong lease terms, proof of payment history, screening criteria including personality screen, security deposit & last month rent held, annual lease term, etc.  

You get 45 cents on a dollar.As for renovation, I doubt the cost of materials and labor are lower in Alaska than in CA. 4 brm, 2 bath, two kitchen will run over $50K here.

B+ area, built in 2006, parking, separate utilities, has good parking spots, real hardwood floors, wash/dryer exposed in kitchen, 2br/1.5ba units, good rental history, rent is $3200 gross, but ill live in 1 unit so the gross is $2400.$270K purchase priceFHA loan3.5% down ($9,450)P&I-$1321/mo ($260K financed)INS- $100/moTAXES- $137/mo (taxes are currently $274/mo b/c its in the investment class)PMI-$187/mo (would like to own for a year and try to refinance with another bank to get a conventianal if I can get a high enough appraisal to drop PMI or lessened)TOTAL PMT-$1745/moLIVING FOR FREE!!!

Just looking at say Massachusetts where Im originally from where they use a 2 page "contract" which is really just a letter of intent...then they have a lawyer draw up the real purchase and sale agreement, to here in the DC area where our contracts are 50-100 pages long and it is the agents who handle everything with the contracts and no lawyers involved except the title attorney, who really acts as an insurance salesman and not an attorney.I remember reading on these forums that there was some place where the tenants provide their own appliances.....I couldnt even fathom that.

I always get an estoppel agreement during the buying process so that I have the consensus of both seller and tenant as to whether there is a written lease, what the rent amount is, whether there is a security deposit and whether the landlord or the tenant owns the appliances. 

Great, but that's not going to help you when your appliances are being carted off before you can change the code.Sorry to be so blunt now, but this practice is nothing but laziness.