And about that rule of thumb, what value would you delivering a buyer for a wholesale that is already made public on Zillow?

Why can't you just have a condition that the seller provide notice to the tenant upon signing contract of sale and deliver the unit vacant? 

Flooring (newer carpet/tile/laminate) are good choices, fresh paint on the walls, and decent counter tops are probably a good start.

@Brian Burke - know anyone who might be able to put an eager, fresh MBA student to work?

Very low priced properties are going to look great on paper, but are highly likely to deliver more headaches than you ever dreamed possible.

An offering document must be delivered to each prospective purchaser prior to sale, disclosing such information as the Director requires; and Notice and the payment of $350 fee must be filed with the Director ten (10) days prior to the first offer.

The walls need fresh paint.

The house is now fresh and new ready for a new tenant.I am currently showing the house for rent this weekend in Decatur GA.Thanks for all the help and advice, i am so grateful to this amazing community.

In the event the notice is not adhered to, the Association may contract to have such work performed and the homeowner will be charged for the invoices delivered."

You don't want to get them too fresh or folks get really upset.