We looked for a property that had a great view (21st floor oceanfront condo) that needed work inside.

The seller was offered a credit of $15K for all new flooring in the home (all new LVT).

Last week she sent a picture of a small hole in the linoleum floor and crack in trim which looks like she dropped a heavy piece of furniture.

I have been renting out one bedroom and sharing the bathroom for 4 years,, now I have improved my second floor with a new bathroom and renting out my second floor as Airbnb, and for now it is really great.

For instance, if there's an unresolved settling issue, you can probably see cracks in the foundation, buckling, un-level floors, un-plumb doors, etc. ...but, if everything is solid now on an old house, it'll probably remain pretty solid for the foreseeable future.

Descent painted walls, affordable flooring - read “pretty cheap tile”, a good roof, and fixtures that work.  

Replacing flooring and paint?

I laid Pergo on the main floor and it definitely helped me get a great contract.

I`m looking at a 950 sq ft ,2/1 condo ...asking is 110000, ARV looks to be about 175000.It needs flooring ,paint ,and a light bath and kitchen update.

This is the worst case scenario.You can call the city of Chicago's easy permit desk whose number is available online. or you can take a field trip to the 9th floor at city hall.