So... do I paint now, or wait until I'm ready to sell and paint later?

I had this vacant that just wouldnt move and got terrible feedback until I rented some furniture from a rental place (for 3 ms - $1400), and then I came in and put up some paintings (from home), set up a a bottle of wine with some glasses, put some flowers out, candles...etc.

id=F8302D370CCDA561253F53A2AD8E2437&ref=1&src=rssThe attached paints an additional scary future for bank failures.

As far as painting goes, I usually link upgrades to rent increases. 

Here's the breakdown:Purchased with cash: $167,000Title closing fees: $2,107Misc expenses (paint, cleaning, repairs): ~$2,000Credit to my condo account from association rent: ~$1500 (This was an amazing surprise)Monthly interest: $166.67 (Nice perk of a family investor!)

Bad smells, needs new paint.. no big deal and easy/cheap to fix.

Keeping in mind that I am fine with new paint and carpet or minor repairs but I am not comfortable rehabbing an entire house. 

every project is different and will take different lengths of time. i will tell you that most rehabs with a kitchen and bath, full paint job and flooring will run past 2 months. its waiting for the contractors if they show, inspections, weather, material deliveries etc.

However, since a significant portion of the income went into improvements on the property (hardwood floor, paint, new decks, new kitchen, etc), my fear is that when I turn in my tax return, it will look like I make less money because of the improvements.  

The analysis is based on getting just under a 20% discount off list or $120K.The property currently only has 1 tentant and will need about $4000 per unit to paint, update the kitchen and re-tile the bathrooms.