I was proud to have a group of 10 local investors I know join early last Saturday morning to paint over graffiti in the East Lake neighborhood (all BP members too!).

Often just paint, carpet, hvac, some times a roof.  

If they keep monthly dues arbitrarily low and not building reserves it usually signals that the HOA is going to special assess every needed repair to common area i.e. siding, roofs, paint etc.Also determine whether they pay water as that can get extremely expensive if hot water is included as many HOA's in large buildings. 

I own a construction company and my partner owns a painting business.

Let's see - $7K in damage done by a tenant in one unit, others had a roof repair, a floor replacement, a new shower/tub liner installation/spackle/paint job, insulation in the basement, 2 dryer repairs, a door replacement, a bathtub/shower refinishing, and a 3 month vacancy....I'm sure there was more, but I've chosen to block it out ;)All properties except 1 were cash flowing, but so much outflow in one year was a disaster.

Especially painting.

All new Electrical-Plumbing-HVAC then it will need insulation then drywall, trim, paint, floors, etc etc you get the point.

Hello @Sergey Tkachev Property needs new flooring, baseboards, minor drywall repairs,texture, scraped ceilings, paint (3 tone inside, celling, walls, and trim), updated light fixtures, general cleanup of the yard, replacement of some dry rot, and a redo of the kitchen (small kitchen).Some of the work I plan to do myself and that will ultimately depend on quotes I get back from folks on the work.

All I did was paint the walls and clean the carpets!

No painting required which is great.After rehab: