Here are the details:Price - 52KOffered - 50K w/1500 closingARV - 83KRehad costs - $2500 (paint and carpet)I'm looking for 100% financing and would like to roll all closing and repair costs into the loan.

I may partner with some of my vendors or employees, or if it really needs a minimum, I'll do the painting and cleaning myself and sell it for a commission on the purchase AND the sale plus my net profit.

Another classic.....I still cant believe some of the colors people paint thier freakin' rooms.....lolol

So... do I paint now, or wait until I'm ready to sell and paint later?

I had this vacant that just wouldnt move and got terrible feedback until I rented some furniture from a rental place (for 3 ms - $1400), and then I came in and put up some paintings (from home), set up a a bottle of wine with some glasses, put some flowers out, candles...etc.

Try to educate, make your point by sharing a few new fresh ideas.

The numbers are good; it's not in a war-zone; and it has a fresh Section 8 inspection.Bottom line: Rental properties in the ghetto always look good on paper and almost always turn out to be a disaster in real life.That's ridiculous!

id=F8302D370CCDA561253F53A2AD8E2437&ref=1&src=rssThe attached paints an additional scary future for bank failures.

As far as painting goes, I usually link upgrades to rent increases. 

Here's the breakdown:Purchased with cash: $167,000Title closing fees: $2,107Misc expenses (paint, cleaning, repairs): ~$2,000Credit to my condo account from association rent: ~$1500 (This was an amazing surprise)Monthly interest: $166.67 (Nice perk of a family investor!)