(he only paid 10k for it at auction and put in maybe 10k for all the new dry wall and paint.) thinking MAO isabout 45kSecond House is a 2bd/1ba that just needs about 15k in repairs. an updated kitchen, paint and refinishing of the hardwood floors on the main level, a few cracks in the stucco and some paint. purchased for 45K and ARV is at 109k.

We may want to paint a little or something but there isn't much needed for renovations. $1,100 annual property taxes. $250 insurance

The way I see it, a Buyer could put the cheap flooring down, fresh paint and could flip it for a fast and easy profit OR just rent it out.

Or would it be better starting fresh?  

Now, I agree with your agent - a perfect home, nicely staged, freshly painted, landscaped sells a whole lot quicker than one with issues.

I'm hoping to get some input (I've on an offer given the following:South Central Michigan - Desirable school districtListed for $130,000On market since Aug. 2104 without price reduction~45 years oldOriginal furnace in both units (works well but old - not inspected yet)Roof is ~20 years old (OK condition but old - not inspected yet)New windows in 1 unit, original windows in other (aluminum - good condition - not inspected yet)Unit 1 needs cosmetic work (deep cleaning, minor drywall patchwork, painting, carpet replacement/cleaning in several rooms)Unit 1 shorter term tenantsUnit 2 is pretty clean and nothing needed by way of cosmetic repair.Unit 2 has long term tenantsBoth units rent at $825 per monthSelling agent cited "income potential" for firmness on the price.Based on the repairs that are needed, my gut feeling is that $130k is too much.

As long as nothing surprising pops up towards the end, we should be under budget.New Deck:Floors sanded down:Basement freshly painted and carpeted:Master bedroom in basementAnd just a pic I snapped one morning from the from the deck.

I put about $2k into the property for painting, cleaning, landscaping, fridge, etc...)  

Hi Austin,Check with Miguel or Siria at Maas Painting: 913-223-7183.

Folks that have a high level of interest in changing the paint colors and altering this and that are red flags for me!