The contractor gave me that estimate.. it looks great tho, inside looks new..carpet looks new.. elderly couple who need to sell, rent on that area is 1200 to 1400..

The properties I am looking at are move in ready with new paint and carpets and so I would definitely try to figure out the numbers for the appliances and a water heater and central air units.

The owner's son told me they owned cats for many years, and it would need new carpets, paint, and curtains. 

Carpet or laminate on stairs?

But if you do, supply the AC filters, and make sure there's no carpet.

Here is my list:Paint (less than 2 per squarefoot for material + labor)Flooring ($1 per squarefoot for new carpet, if you are selling instead of renting, laminate is abt 3 dollar per sqft, tiles is abt 4 per sqft)Kitchen Counter, cabinets paint and cabinets handle.

The water got into our unit below and saturated the ceiling above our fridge (same layout/stacked kitchen) and the lower portion of the wall was also wet and seeped into the carpet of the living room and bedroom on the other side of the wall.

I'll be making a trip to Las Vegas about every two months and I'll be doing about 80% of the renovations (painting, trim, new carpet) to keep cost low and because I like it.  

I don't use laminate or carpet anymore.

Downside is you are only getting one unit at a time, will likely need more out of pocket in repair costs, but cash flow is a little better.That said, the Killeen area has a lot of newer housing, and most foreclosures are less than 15 years old, so you can get buildings that are still in great shape and just need some cosmetic stuff like new carpet and paint.