House is in excellent shape and needs, at most, interior paint.

 $3-4/sqft for flooring and paint from Sherwin Williams.  

Also, if the house has a new roof, new water heater, and furnace, and/or newly painted exterior then you may be able to justify decreasing your budget for capital expenditures and repairs/maintenance.

If this is a sub $150K property I might just put a new coat of paint on the cabinets, change the counter top and add a back splash to bring it all together.

The HOA just wanted this jerk out and ached their goal but there is no equity in the deal.Right now the HOA is just waiting for the bank to take it back but I want to see if we can rent it out and use the money to recoup the back dues and paint the exterior.  

Paint and carpet are examples of common items.

- New windows, drywall, gutters, insulation, roof, pavers in backyard, pool equipment, paint inside and out, kitchen cabinets, ac, water heater.

On our side, we took out the carpet and refinished the lovely hardwoods we found underneath, upgraded the stove, painting, and upgrading fixtures.

The paint we used was as industrial as could be had.Some of this was to meet local standards (which were very loose) and some to minimize repairs.

I put insulation inside, then cut a piece of plywood for make a perfect fit at the front, paint it black, screw it at the front, caulk around it.