With all this I do see opportunity in certain pockets that could not have been able to get a year ago.In saying that people that have cash and can get lending could clean up soon.My personal opinion tho. 

All the flips we do with our clients, are pretty intense - adding GFA (gross floor area) through extensions, additional floors and / or full interior guts. 

that is HOOD rat written all over it.. just another west coast investor who does not realize that low end cheap property in the mid west for out of state investors is super high risk.. only locals can make that stuff work.. you may want to reassess your strategy.. your going to get your clocked cleaned if you keep looking for those kind of deals.. 

Structural & functional items usually need permitting (framing, roof, electrical, plumbing, etc), whereas flooring and landscaping do not. 

In other words, what you buy at is typically the floor, and while the growth rate is slower than you'd like it it will always be on a steady uptrend.

So I had a turnover this week on a unit that, just two years ago, had brand new Pergo flooring installed. 

 $99/night + $75 cleaning fee and $300 refundable deposit for a 2/2 1300 sq ft log cabin in a private community with lake views and steps away from the lake shore.

Another example is it wont be their fault if the house has gutters and leaves clog them up and water backs up into the roof because it was not stated they were responsible, or if the property has a fire place and the house burns down because the chimney was not clean sweep by them or you before use because it was not designated responsibility.

We completely remodeled the unit interiors w/ new appliances, counters, plumbing/lighting fixtures, doors w/ hardware, and vinyl plank flooring as well as installing new vinyl windows in every unit.

Just so happened to ran into the maintenance guy when I was checking out the property and he let me do a walk through in one of the units being cleaned.