We will have to do some renovations (kitchen, flooring, paint, etc) and we are talking with a few contractors in the area now.

The age of the home is not as important as the age of the major components of the home, the roof, plumbing system, electrical system, age of paint and other building materials that may have lead or asbestos, variable expenses can creep up and kill an investment. 

I am looking for help to find designers for the gameroom and my PM mentioned a quote from a designer that its 10-12K for a basic game room with pool table/archade with painting/epoxy flooring.

Featuring updated electrical, new appliances, new interior/exterior paint, new millwork, & thoughtful finishes throughout.

We gave the entire home fresh paint, cleaned up floors and ripped up carpet (it has the original hardwood), and added new carpet to the living room and a runner to the stairs.

E g “paint bedroom 2” and “resurface cabinets in kitchen” and do this bullet point style. 

Rehab #1: 2 bed | 2 bath, 1,180 sq ftUpdated kitchen and both bathrooms; new lighting and paint throughout. 10 week rehab, plus another 2-3 weeks to furnish for STR.Labor: $30kMaterials: $25kFurnishings & Finishes: $12kRehab #2 was the detached SFR: 1 bed | 1 bath, 900 sq ftUpdated flooring, paint & lighting throughout; added washer/dryer; rearranged floor plan; replaced broken water main lineLabor: $28k Materials: $13kFurnishings & Finishes: $5.5k What was the outcome?

How much would it rent as is (with cosmetic things-paint, perhaps new hardware, fix what needs to be fixed) and how much would it rent for with the renos...and what would those renos cost.The biggest thing in deciding to do major renos is are you going to get your money back and what does it add to the property. 

Neutral paint colors and laminate flooring help make the place warm and cozy, all while feeling like a place you want to call home.

Each property we've purchased has been owned by an older guy with terrible listing photos taken on an old Nokia phone and has been in need of a few minor cosmetic updates like painting, flooring, fixtures and maybe a small bathroom or kitchen remodel here or there.