Spend the money on paint and maybe refacing the cabinets.

This house needed major updating in the kitchen and bath, some plumbing repairs, new appliances, and new paint and carpet.

It was built in 2005 and in good shape (needed paint and a few other small things). 

I closed on Oct 2020, and then did a full paint job, new floors, painted kitchen cabinets and replaced countertops, etc.

Full interior rehab like to the studs, or just cosmetic like some paint and cleaning?

The house needs a lot of updating- new bathrooms, kitchen, paint, floors…I spoke to one contractor on the phone who thought it should cost about 30K for what I wanted to do.

My opinion is that in a rental property, it's appropriate to buy wholesale, used, or scratched/dented appliances in a more entry level rental property.In a flip, if you're putting in new flooring, cabinets, countertops, paint, etc then you should also put in new appliances.

I was anxious to discuss the details of “all his laundry”.I really enjoyed how you stated a few facts and then followed them up with some nefarious assumptions painted as foregone conclusions.1.

I would doubt if it would need more than paint and carpet and minor repairs.

Not bad for a paint and carpet rehab.