Your looking at properties with that many bedrooms to have mother in law suits on the top floor normally, maybe some smaller side by sides.

Time for the renovation - the two upstairs floors were manageable; time, effort, a lot of paint, and some minor fixes (thanks YouTube!)

Some questions I have:Should we leave the space in the current state and just paint the walls or should we take out any of the walls and make it more of a blank slate for our potential tenants? 

I laid my first hardwood floor at age 12 with my dad in my childhood home and realized how much value it added to the house.

The hot water was running over the sink at a faster rate than the overflow and flooded the bathroom and the floors below. 12k later we fixed up her great adventure.

(On average, they don't take excellent pictures or make floor plans.)- I PAY my current tenant to show the house to prospective tenants when they've given 30-60 day notice to leave.

The home has been totally redone, carpet, cabinets, insulation, flooring you name it its been redone.  

I'm looking into putting together a deal for a duplex first floor is being rented $800 asking price is 50k from what i can tell the property going to need about 15k in repairs.

. -- I think signed formal offers/counters can easily clean the slate of any perceived "verbal" he-said-she-said.

For example, there is a big difference between having a 5 and 15 year old roof.A contractor won´t necessarily notice any of that stuff, especially if they are focusing on cosmetic updates to kitchens, bathrooms and floors.