All new fixtures. 5000 Replace improper basement ductwork 3225 A/C coil and condenser 3200 Stairway into basement - bring up to code 2250 Washer/Gas Dryer (stacked) 1800 Paint throughout 1500 Transfer taxes 1200 New carpet - stairs and both bedrooms 1000 Gas water heater 800 new fridge 800 Exterior paint 800 Demo/creation of fridge location 725 Replace wood rot along roof line and cap with metal 700 Roof coating 700 new gas stove 600 Trim repair, doors for both closets, door for 2nd bedroom 500 Window blinds throughout 300 Minor siding repair - rear 200 New screens 150 Total costs 34200 Offer ALL CASH 21799

A side note: I like the new design showing the Dashboard Community Education Marketplace and Tools.

I would say to stay away from interior foundation issues and exterior issues of more than approx 3".  

These types of studio apartments are designed to have only one occupant, generally rent for $500-$700 per door, and are increasing in demand.  

The exterior of the building is actually in pretty good shape but the interior needs a full rehab.

A good design is also essential.  

I would use the resources like yellowpages, google reviews, ask at a real estate investor meeting or maybe sign up for Angie's list and find the best HVAC company and installer who, stands behind the product, is willing to educate you on the right equipment and provide you a fair quote.Your investment strategy, and what the standard is in your area will dictate the price.I would look for the Highest seer, with a good warranty 10 compressor, 10 year parts, look for one with quiet technology (compressor sound blanket, motor mounts, Air handler blower motor, air flow designed for quietness) and ease of service for the air filter, air handler coil cleaning, overflow float switch, and access or instruction on drip pan tablets/liquid and drain line cleaning.What I look for in a HVAC installer is someone who is proficient and not on the phone or looking through the manual a lot.  

By this I mean I want the exterior to be basically maintained, the front respectable, and the yard safe for kids.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

Arizona statutes are specific in some areas, and using a solid lease designed for Arizona provides the most defensible position one could be in.