If you are doing just cosmetic works as painting interior, carpeting, etc. on a residential property you may not need to apply for a permit.

This includes new HVAC, some plumbing, kitchen upgrades, and cosmetics.  

Purchase price: $140,000 Cash invested: $12,000 Sale price: $225,000 Light Cosmetic Renovation, Bought on market with negotiations to $30K below asking, and used just over $11K to do a complete cosmetic renovation: paint, flooring, light fixtures, cabinets, countertops, bathroom fixtures and vanities.

(labor is less expensive but materials are generally more)-Interiors of the rooms require very little cosmetic work. 

Many of these building "bones" are too expensive to redo AND cosmetically dress up the property with a 203k budget that makes sense and will offer returns.

Get the structure stabilized then worry about the cosmetics of the plaster. 

Mostly cosmetic and getting the rents to market on this one.

You can get quality deals in the low 200s but even those homes still need cosmetic updating to get the property rent ready.

Once occupied, your PM team should have a renewal / retention program in place to try and keep your residents in the units for at least two years, and longer.Now, I would advise a thorough inspection to help you assess the condition, followed by cosmetic updates with the unit turn, and even addressing the items that are constantly costing you money - leaky faucets, drains, HVAC servicing. 

The first is cosmetically it is not in phenomenal shape.