That is a big brush that you are painting with.I invest in South Bend, Mishawaka and Granger.I am also on the Board of Directors of our local REIA.Our REIA website is located at http://www.reia-nci.org/ .Our REIA statement of purpose says the following (cut and paste from the website)..."

Basics like carpet and some new paint would indeed help but they are currently in good living condition.

A tenant may think painting every room purple is an improvement.

May consider painting for a fresh/new look.

If you turn over tenants once a year and you spend 2K painting is a good example of repairs. 

The numbers,Purchase 85K6 units total, 4 are rented out 395.00 each the other 2 need painting and cleaning.24,000 down includes closing cost.Monthly payment 925.00 per month. 

Got a light rehab you can slap some paint and carpet in for 10-15% discount to value, do it as a rental. 

The pine will need to be primed/painted/sealed on all sides or else it will warp or bleed through.Once installed, they don't look much different when painted.  

If you want a cheap & dirty solution you can take it down, paint gorilla glue inside all the splits, and pull the door back together with 48" bar clamps.  

New paint, nice kitchen.Me: IF your info is correct ARV is ---, but I never do an ARV without me or client seeing the unit, I'll swing by tomorrow.He: ok keep me posted I close tomorrow at 11am(Me to myself: ok, crazy.....)I drove to the house earlier the next day.1.