Last tenant left  with paint marks on carpet.It is not obnoxious, but it is visible.New carpet estimated at 1,800.00 versus 200.00 for cleaning.

Our initial concern was that if we did do that, then the next potential salon tenant would come in and want to still put their own spin/style into the place, and change everything again (paint, flooring, etc.). 

You may want to look at buying some houses that need a little TLC (paint, etc) and then selling on owner financing at slightly above the current value.  

@Ronnie Mossotti, why didn't you have your driver pick them up and drive them to the Hilton where you would pay for their food, beverages, spa treatments and of course the cost of the hotel suite while you had all their carpeting replaced and re-painted the entire interior of their residence?

Most have, and the main complaint is that they don't paint or clean, charge fees etc.

He is using Home Depot's Glidden Pro Paint. 

I also suggest you have an inspector come out and give you a punch list of the inspection items, most importantly, electrical systems, plumbing systems, roof, and HVAC.The kitchen and baths are a full gut, the obvious new flooring and paint in and out, landscaping, new electrical and plumbing fixtures, and then you have some major dry wrought (likely some termite issues too) and stucco repairs.

Refinishing hard wood floors, installing hardwood in one room that had carpet, new stainless steel appliances, venting out bathroom and kitchen range hood, all new paint, new light fixtures and door knobs, lots of plaster and patch work, new fixtures in bathroom, keeping tiles in bathroom and shower but doing a super heavy cleaning, refinishing existing bathtub, new glass windows (new glass not entirely new windows), nee tiles and grout for kitchen floor, sanding and painting cabinets (nice and white) in kitchen, keeping existing countertop in kitchen (not granite but clean and looks nice, installing dishwasher....I think that covers it...SO - here is the last piece of the puzzle...the kitchen has a drop ceiling.

Bought a new break too...learned how to fix it myself ($200)Painting three newly empty units (bought full, but... half the leases were up at purchase)Management company 10% (glad to have them, as this is my first purchase)Putting in a sidewalk, as the previous owner ripped out the old one to the laundry ($400)That being said.....

Think about this. one tenant moves because you raised the rent $150 and now you have to invest $2500to $5000  in carpet and paint and misc.