The property is in pretty good shape - new carpets and paint.

So when I actually closed on the house I had already cleaned it out, the painting was almost complete, the heating system was thawed out, repaired and working, and the agreement was written up and presented to the neighbor.  

The lease states that the only cleaning fee would be an $85 charge taken out of my deposit, plus any other painting needs needed (of course, the phrasing was so vague for the latter but I made sure that they were not taking out for "painting" for normal wear-and-tear).

I started washing walls with TSP to get ready for primer and paint on day 2.

To date, I have laid new flooring, upgraded both kitchen and the bathroom, and will finish painting interior and exterior.

New flooring, millwork, counters/cabinets, painting, etc.

Basically I can get a 3 BR home needing no repairs (ok, maybe $3k for painting and cleaning) under $200k. 

I just wanted to paint as much of the picture as I could.

Sky-high APR, dealer/doc/undercoating/pinstriping/paint/seat/tire/wheel protection etc. etc.

My CapEx portion is 200/mo, 2400/yr, In a 25 year span it's 60k which would cover roof, HVAC replacement, re-flooring, re-painting, water heaters etc.I currently am only limited to on market deals, I haven't connected with many people with access to killer off market deals for multifamily.