I need to figure out how the type/method/life of the stairs, flooring, tree trimming (potential hazard to building), toilet, sink/faucets, and an electric weedwhacker.

Generally the answer is yes, unless you're running around making absurd offers, hoping to find someone asleep at the wheel here in this Seller's Market.But as a Mortgage Broker in FL, I see so many investors who unnecessarily sink a ton of their Capital into Dead Equity as a Cash Buyer.FYI- lenders don't like Cash Out refis after closing and often won't offer as high of a LTV as offered on the purchase loans.PLUS...and I see so many so called "experienced investors" whether buying in the 5m or 100k range, who sink all they got into a property and completely eliminate their access to the better loan terms via Asset Depletion / Assets For Income programs....HERE IS THE ALTERNATIVE...BEST OF BOTH Show the seller you have the ability to pay cash with a Bank letter, and can and will pay cash if needed, but you would prefer to finance the transaction.Most sellers, as long as there is a substantial good faith deposit and guaranty you have the ability and will pay cash if the financing falls through, will understand and allow a 30 day closing.Usually the only people that have an issue with this is the Realtors, who want to get paid quickly, the sellers are usually reasonable about the requests.   

@Karen Margrave , my friend Jim has a vacation rental on Lake Michigan in Wisconsin. 3/2, with a King sized bed in the master with attached bath, two-sink vanity with shower/tub and plenty of towel storage in the hallway bathroom, then two smaller bedrooms, one with 2 sets of bunk beds and one with a queen bed.All bedrooms are smallish, while the rest of the house is open-concept.

You can determine if CPVC, in older than 1998ish MHs by looking under sinks, if CPVC grab the pipe and give a good whiggle, tug.  

There is a lot of transient tenants there because of the entertainment industry, as well as the issue of entertainment being the only industry there so when the economy sinks, so does LV.

New drywall, insulation, plumbing, electrical, windows, flooring, trim, cabinets, appliances, bath, toilet, sinks, exterior railings, exterior siding, etc.

I'm looking at making a gross profit of $10k when it's all said and done.Here's the list of things to fix:New floor (at least 2 sheets of plywood to fix some soft spots)New kitchen sink, cabinets, counter tops.New carpet and tile.Fresh coat of paint for the walls and ceiling.New windows.

Nobody wants to be sinking in time into anything if they won't be rewarded for their efforts.  

Toilet and sink is only a half.

You need to research all the rental laws for your state and I know $300 to $500 is a lot of money we can use for nice things, but if you open your mail someday and it contains a large stack of paper for a lawsuit for a million dollars your heart will sink and you will spend then next few years with many sleepless nights as you vision your tenants owning everything you worked for.