Hey @Chris Virgil-Stone, I personally like laminate a lot and it's my choice for most properties, it's 1000x better than carpet (except sometimes in bedrooms, depends on the place) and much more affordable than hardwood. 

The condo is located in Bellevue (37221)#1 - Carpet installer.

I am totally fine with fixing basic cosmetic issues myself (paint, carpet) but I wouldn't want to get into a situation where I would need to put 50k into a property.I am willing to take risk but needs to be calculated risk so I don't drown in my first deal.Looking forward to hearing everyone's thoughts!

In my opinion, Minor repairs are like carpet,paint,tighten some door screws or hand rails.

It was an REO triplex that I was able to purchase for $119,000. 2 of the units needed paint and carpet, the 3rd needed all new flooring bathroom hardware, etc.

Documenting my research below to (1) flesh out my thinking and (2) guage any input from you smarties.WHY APPEALING: MINIMAL INFRASTRUCTURE - No toilets to fix, no carpet to tear out.

I had new carpet installed in rental #1 in April.

It sounds like some of what you are charging them would be considered normal wear and tear. light bulbs, batteries, painting, cleaning are all normal wear and tear on a home. usually leases will specify an amount for carpet cleaning, if not than that would be considered wear and tear as well in my opinion.

Tenant has become increasingly obstinate, although she needed the basement rescued, she DID NOT want us in the home, was very hateful, refused to run the air and fans to help dry carpets at the same time threatening us with a potential mold issue.  

I had a renter (for a month) and he managed to piss on my carpet???