Then we'll rent the property up and enjoy our monthly cashflow for the years to come :) This deal is unique because it's lipstick flip (interior & exterior paint make up 80+% of our renovation budget).

Instead they just wanted us to power wash walkways, and paint hallways instead!

Have a tight budget for a condo in a 55+, needs a cosmetic re-do (Floors, paint, kitchen, bathroom vanity, fixtures).Referrals Appreciated.

But rental ready would be just paint and a broken window.

Here's a non-exhaustive list of some of the projects that we had to do to it.replace water main from the street to the housereplace all water lines in the housetear out all carpetPaint the interior (will be painting the exterior or residing in the spring)put in new laminate/vinyl floors throughout the houserepair dishwasher and oveninstall gutters on back of house and fix some water damaged areas of the wallreplace some of the rotted subfloor in the bathroom/laundry roomrepair the furnacereplace back doorchange door knobs and locksvarious other small repairs… patch holes, outlet covers, etc…Purchase price = $12,500Closing Costs = $1050Rehab (still an estimate, but it's close) = $13,500Total Cost = about $27,050Rent = $750/moHere are some before pics 

I found a property on there around 30% below market that only needed a little paint and cleanup.

My dad was always interested in real estate, and I wallpapered, tiled, painted, did yard work, etc, all before leaving junior high school.  

My son and daughter in law had to have the garage painted on the house they wanted to purchase with a VA loan.

We had to rehab some concrete, bathrooms, carpet and paint, but nothing complex.What I Learned:- It's best not to involve people you personally know as buyers of your investment property.

How much does your FIL know about fair housing laws, lead based paint disclosures, sex offender notification, the Americans with Disabilities Act, landlord - tenant law in the state of LA or other local ordinances?