As such, the only "deals" typically require extensive renovation, because anything that is purely surface level retail buyers will likely outbid you.  

I would get ALL the ceiling surfaces one shade of white, no matter how much trim or architectural features, and ALL the walls one color, regardless of chair rail.

Based on that we made choices like going with laminate countertops instead of solid surface, etc.Having said all that, your realtor should be going to bat for you on the appraisal unless the home is simply way over improved for the area.  

Always factor in that you will likely have to do some new stormwater drainage systems and new underground utilities.

I have just started to scratch the surface of real estate investing and I'm glad there is a place where I can go for answers.

Looking at a property which is bank-owned with obvious bowed basement wall and drainage problems.  

Building information C location Built in 2010600/ month tenant pays all utilities (4 currently rented)Purchase price 290000Taxes 3332Trash 172Damage (water damage from top unit to bottom unit, wood floors need to be replaced as a result, 1 unit has lots of cigarette burns on some surfaces, etc) nothing major but definitely not what was seen in the unit that was shown before we were under contract.How do I proceed

When I've seen this it has been because the walls weren't constructed well and there are drainage problems causing the moist soil to push inwards.

hahaha i live next to google office but i never bragging to promote this market as i can say this and that fabulous tech market haha lolif boise going to have lot more tech company i may run away from them because that would be the first indication that there would be affordability issue.i am also okay if my market is being critized a lot hahaha, it's not my market literally WTH LOL but seriously this CA market is on pivot right now, we're on edge, most tech company can't sustain living and paying CA salary that's why under the surface we started offshoring all the jobs to india, austin or ohio LOL LOL LOLunder the surface there're huge crack in CA and USA economy mannnn

All the HVACs in the units above us have their drainage such that the water falls on our unit.