The cost of any given item for one mortgage company will be different for another.

All in, we are spending about $50K on the renovation and hitting high value items like kitchens, bathrooms, appliances, lighting, paint and trim, etc.In section 946 of the tax code, (https://www.irs.gov/publications/p946/ch04.html#en_US_2013_publink1000107513) there is a run down of what useful lives you can use when you spend capital on a residential rental property.

One big item is deferred maintenance.  

Ashram, many seller-landlords are intimidated by the NC law written in 2010 which spells out all of the items required.

That is a basic required item in my due diligence.

-------------------------------Active Military Applicant’s IncomeIf the [EAS] date is within 12 months of the anticipated date that the loan will close, the loan package must also include one of the following four items, or combinations of items, to be acceptable: documentation that the servicemember has already re-enlisted or extended his/her period of active duty to a date beyond the 12-month period following the projected closing of the loan, orverification of a valid offer of local civilian employment following the release from active duty.

Also did 70k of sales on Ebay, but the items I was selling started to lose my interest. 

They have moved out the furniture but are unable to move out remaining personal items (kitchen, bathroom, random small pieces).

There are some other item's you need to address:HeatHot waterElectricityPet OwnershipParkingThese are the beginning things you need to know to make sure your lease will work. 

But there is nothing like that growing anywhere else in the closet where they kept those items.