Since I wasn't there, I didn't know that touch up paint needed to be done or the bath mat looked all worn and tattered and should have been replaced 4 months ago.

I do not however want to evict as I need the cash flow to start out and not blow my reserve while I clean, refloor, and paint units.

The condo will be available for rent mid january currently updating floors, paint and kitchen so pics coming soon...are the qual standards typically included in the listing? 

From roofs to painting.

Are you legally allowed to use it to fix "wear & tear" items (spot painting, fixing damaged flooring, cleaning, etc..)?

Upside Potential and Plan When Acquired: - Rent Raise $600 + (Will force value and appraise much higher for income based appraisal)- Continued Section 8 Opportunity (Predictable Cashflow)- Capital Improvements (Exterior Paint, New doors, Windows.)- Decrease expenses by water being included in tenants lease.- With the higher appraisal due to improvements made, we plan to cash out refi after the 6-12 month seasoning, to pay off the first and land better terms to keep long term.Here's my Question: Because there wasn't many comps, if not any at all,  would the appraisal be based on the income the property is making at this point?

Some of the stuff I've found on the side of the road - clean, sand, prime/paint.

New paint?

Once ready I will be painting throughout and doing living room and bed room floors.

The only phone calls are scheduled as appointments (via text) and we also respect that and don't call the tenants.Second, you are not being asked to paint or install carpet.