Picking up a property on discount? Generally, they tend to need a bit of work and renovations costs are at an all time high.

General Tips

Dealing with contractors

Use carrot and stick. Bonus for each day done sooner, punishment for each late date
Never pay the full amount upfront, unless it’s an easy 1 day job.
Make sure they're insured and licensed

Rip out screws nails, picture hooks, curtain rods. Easier to paint
Home depot light fixtures go for 9$, most of your cost is going to be in the labor

Go for high-traffic laminate (not too cheap or you'll have to redo in a few years)
Structolite for the basement resurfacing
Fixed ceilings > drop ceilings, swap them out when you get the chance and spray paint over them if you want them to have a good look still
No 220 volt outlets, limits window AC units
Get rid of ceiling fans, dishwashers to limit maintenance if you’re not in a luxury neighborhood
Nest thermostat (~$70) turns your B class to an A class