New tiles.

-http://blog.homedepot.com/diy-board-and-batten-wainscotingBathroom-Resurface/Refinish yellow tile to white, and leave the black, as black; -Leave the floor as-is, but clean and polish, to make it pop a bit more-Replace toilet, bath hardware, and sink hardware, partly because we pay the water, and we want water efficient items to drive down the water bill as much as possible;-Replace window if it has Lead paint-Remove curtain valence :-) https://thumbs.trulia-cdn.com/pictures/thumbs_5/ps...Bedroom-No planned changes-https://thumbs.trulia-cdn.com/pictures/thumbs_5/ps.97/6/e/e/8/picture-uh=bfef554726567a5541316d342924ad-ps=6ee830b24aa165c59eea61b0f12ee6d6.jpgFront Hall-No planned changes-https://thumbs.trulia-cdn.com/pictures/thumbs_5/ps...The other units have older counter-tops, so will update to Formica most likely, or whatever $700 per counter can get us.

I bought the property, replaced exterior doors, did some plumbing, installed new wood vinyl flooring(cheap but so beautiful), new bathroom floor tile and sinks, drywall patching work, closed off ugly carport to make a 2 car garage, patched up the cracks in the foundation, and a whole lot of paint.

turned out our original "plumber" installed a faulty fitting and then tile guy (which brought the "plumber") covered it with the shower pan. note to self: hire a real plumber! 

.- Look in the crawl space and attic if you can (always have a pocket flashlight on you)- Roof-Chimney- Gutters/Soffits/Downs- Paint/Siding- Electric Service Drop (older homes with above ground wires)- Electrical Breaker Box- Exterior Doors/Jams- Porch/Deck- Termite Danger (ground is near wood)- Land Grading (for water runoff)- Cement/Asphalt-Retaining Walls-Garage (Door and function)- Landscaping-Trash Cleanup- Windows-Interior Doors-Strip Wallpaper-Drywall-Patch & Paint- Flooring (carpet, vinyl, hardwood, tile)- Ceiling Repairs-Water Damage-Trash Removal- Kitchen- Kitchen Appliances- Baths- Water Heater- Water Service Line- Water Plumbing-Waste Plumbing-Check water pressure -Electrical- Joists- FoundationTips - Check the property at different times of the dayThe street may be peaceful and quiet in the morning but in the evening, it may overflow with traffic.

Well, in that you really lose everything.At a lower level, a personal liability suit can hit you for more than the property is worth, the risks you mentioned are very minor compared to the possibilities.Don't intend to scare you off, but in RE you are dealing with the public, you are a provider, a supplier of services, you take on legal and social responsibilities unlike being a consumer in the stock market.

No point while she was working as my electrician and laying tile.

We estimated our house to be worth around 160K and this is after many renovations that we have done since we have lived here that include: remodeled both living areas and a bathroom, new tile in the other bathroom shower, foundation repair, new A/C and heating unit, new carpet in den, new paint almost throughout, new energy efficient windows, among others. 

Consider modern fixtures, attractive tile work, and energy-efficient features.Outdoor Improvements: Enhancing your home's curb appeal can make a big difference.

Likewise, tile backsplashes in kitchens and bathrooms are easier to clean than having to paint those areas at every turn.Don't skimp.