Thanks John for the info, here is where I am at:4 unit bldg listed for $369,000(was purchased at auction in 9/06 for $305,000)Rent total monthly roll of $2,180.00Rents are due to go up and some improvements should be done (paint, etc.)With the market the was it is, I am sure it's overpriced (due to realtor fees), its hard to comap as its in a small town and there is not another to compare to.

Prime with KILZ and Paint the affected areas.Good Luck,Mike

You will have to paint and replace lights, appliances, flooring , etc when tenants move out.

I usually listen while I am painting an apartment or doing something mindless like dishes.  

The paint on the kitchen and bathroom cabinets is chipping off here and there (small chips) because they were painted over - probably will have to keep being re-painted unless they are re-surfaced.  

I gave permission in writing for tenant to replace the side door of garage with a door of her own with a window ac unit as she does craft and needed garage air conditioned. the original door was replaced but there were severe erosion on both the door jamb and walls which were not painted or repaired.Damaged blinds, no cleaning done, including floors, stovetops nor oven, nor fridge.

The major problem that we have is that our landlord also operates an appliance business in their back yard (which is super noisy and constantly smelling of chemicals and spray paint), and when we've asked for repairs, they simply send in their appliance guys who half-*** the repair job, and a month later it's broken again anyway.

I bought 136 units at a 6.6 cap on actual T12 and then put on all new siding and paint, upgraded all of the interiors, replaced a boiler, installed more carports and a bunch of other misc stuff.

Such as the having the IRA-LLC buy a can of paint that you subsequently used for a personally owned property. 

-Turn over costs; paint, carpet, cleaning?