What steps would you follow to do a Rehab on a rental property you have just purchase

[Clint Jusino]

Hello BP Fam! I'm under contract on my 2nd rental property. This will be my first rehab project and I plan to BRRR this rental property. I would like to know if anyone has experience with this and what steps would you take from start to finish. For example, get electrical up to date first since its a 1963-style ranch house. The bathroom and kitchen are 1960s style and I plan to get some contractors to demo/rehab it to make it more modern. I'm guessing around 30-40k in rehab. Also does anyone know of any private investors in the Dallas area? A coworker of mine maybe interested but I like to have backup just in case he bails on me when it's time to actually lend me the money. The property is in Desoto, TX, and would be happy to show to anyone who has experience with Rehabs. It also has a detached garage roughly 300sq ft that I plan to turn into an ADU after I do a cash-out refi to have the funds to fix it up (estimating 40-50k). Thank you everyone!

Steps I was thinking of following:

1) Get electrical up to code since its all 2 prong outlets and the panel is way outdated.

2) painting of the whole house

3) Demo kitchen and bathroom

4) Renovate kitchen/bathroom

5) install new floors

6) input new appliances

7) input new light fixtures

8) etc.