Now, if you do a full cosmetic rehab where you are basically resurfacing existing surfaces and painting, your talking in that $15-20 k range depending on sqft.

Items in a capex budget: roof, appliances, hot water heater, floors, hvac, bath and kitchen remodel, driveway resurface, etc.

I plan to have it resurfaced.

Are NNNs truly covering things like RTUs, parking lot resurfacing, all landscape and litter collection, all common area utilities, etc.  

I can always use subsequent rental income to replenish the cap-ex "fund" and it's unlikely that I'm going to have a roof failure AND 3 HVAC units completely die out AND have to resurface the shared parking all in the same month. 

So there is plenty of buy-and-hold investing still going on in this country, you just need to know where to look.One of the trends in real estate investing that has resurfaced in the last year or two is the idea of buying properties that have positive cash flow.

It could possibly be resurfaced and then finished correctly.

For the bathroom, we resurfaced the tub/shower, and installed a brand new vanity and deco tile wall with all new fixtures, mirror and light.

Interior and exterior renovations. adding new flooring, new black appliances, painting the cabinets, resurfacing the countertops and bringing in a higher demographic of resident who is capable of paying higher rents.

I was going have the tub resurfaced and walls painted.