A skim coat can realllllllly save some time and money, it fills nail holes and really allows the walls a fresh start.

Gotten to the point where she can no longer afford the payments, not late yet, but decided just to let bank have it back (her words)Mortgage balance is about $69k ( no statement with her) Payment is $500 PITI ( again couldn't verify)Current area rents per a PM/ Investor I know are $850 easy, $900 for this house given freshness of everything.

Stable credit tenants also yield a more precise analysis because economic vacancy has less variance and thus the asset is more bond-like where a NPV calculation would have better meaning IMO.The whole problem I see with using NPV is that users get a false sense of security when they bake the numbers.

The home though is the second one in, inside is in pretty good shape, Will need fresh paint and a few other minor upgrades.

Walls had no damage and of course to sell a home a fresh paint job is always attractive.My friends took video of everything once cleaning was finished and one can clearly see that the interior and yard was in great shape, dated but without damage etc.

I have also had success with mixing Downy ( prefer april fresh) with water in a spray bottle and lightly using a 4" mud knife to scrape the wall.

M, you didn't say if the properties had any loans orliens on them, I assume they are clear.I strongly suggest you keep a fresh eye on this deal and develop it as you can to the seller's needs which may provide you with long term financing.

They do use a huge amount of fresh water for fracking.

These cars though I have  so far  no inkling to trade them in once I need a new set of tires like I normally do, one reason is the over the air software upgrades that keep it new and fresh..  

Do necessary repairs, slap on some paint to make it fresh and clean and make it earning it's keep.You stated that there are 20 properties on the market, none of which are updated, do you maybe think those investors know something you do not.