Get electrical connected (electrician)4) Do any cleaning , painting , etc needed to get it rent ready4) Get a tenant!

I have, however, been attempting to DIY paint the kitchen cabinets and have spent over 8 hours just trying to clean the cabinets of all the dirt, grime, and oil built up over the years.

@Marc Shin wouldn't advise painting the brick as then it will have to be done every 5-7 years, if done the right way, more often if hacked.Just paint the walled garage door faux stone area a better color that doesn't clash with the orange brick.

For example, if you know how much painting should cost (price per square foot) then when it's time to pay for repairs you are ensuring you do not get overcharged.8) Plan for vacancy and unit turn and have a reserve (unless you make enough money that you don't need it). 

Let's say going in you think the house needs a roof, an AC, and some paint & general repairs for $10k, 5k, and 3k respectively.  

But many others, especially traditional layouts that need updates, even easy, cosmetic ones that have dark paint, old carpet, appliances, etc., are just sitting, so you won't have as much competition there but may have to take some time to update.     

.), down payment and closing costs, repairs if/any, furnishings, appliances, and adding or changing existing layout including egress windows, closets, flooring, paint, etc.

Do the walls need a good cleaning or a fresh coat of paint? 

Does the area have individuals that seem to be scary, or do I see a lot of gang spray painting around.

The tenant fails to pay their last month's rent and leaves the place needing new flooring and paint.