Not sure if I bit off more than I can chew this time?

[Bridget D.]

I may have bit off more than I could chew?  I'm in  the process of buying two properties at the same time.  I though I could consider flipping  a  single family 3b/1b@ $35,000 in a good neighborhood with good comps .   While  in contract,  I saw a   foreclosure property in a neighborhood I want to live, great price, (Under 30) great location next to a  Golf Courses, casino and a race track but it needs work..  I have been planning to move from my  two bed room apartment in my 3 family property.   The investment property and my new home both needs work.  I can't afford to to give both properties the attention they deserve  and I'm not sure I can get top dollar if I  cut corners. I would have to rent not flip.   I believe an investment  property should  have the bells and whistles`; stainless steel , granite counter top, back plash , laminate or Bamboo floors, update kitchen and  bath  to get  rents from $ 1,100 a  to $ 1,300,  or a 79,000 to 100,000 sale which is Top Dollar for the area. 

   I have to cut corners on the investment property.  Is not being able to add the  bells and whistles going to be a major   mistake?  I have a 5 year plan to quit my job and can't afford to make major misstates.