He also said, since its the model, that it would have all the extras, and I could choose what I wanted in there (granite, better fixtures and appliances, etc.)

(When I say Complete, I mean new Hot Water Heaters, New Furnaces, New Roof, New Windows, New Doors, New Carpet, New Paint, New Light Fixtures, New Electrical Outlets, New Bathrooms soup to nuts, New Kitchens, etc).

We are electrical contractors so there is little difference, but there are some areas I can give examples:Homeowners want a Square D QO panel which is rated the absolute best for safety (and has been for years), rentals want Homeline or low end equivalent.Fixtures can make a huge differece - $4.97 Home Depot special for rentals, selection process for Homeowners (HOs) to pick the perfect fixture as per their individual tastes.HOs may want Decora style switches or receptacles (sometimes in screwless plates or specialty colors), REIs want economical, standard in white or tan (stock).REIs often have very little hand-holding.

kitchen/flooring/fixtures/etc?

I asked If he would take 85K in 1 year. within the next year I would pay him $100 a month to take care of property taxes, I would install new floors, repair drywall, paint in and out, new appliances and light fixtures throughout, new windows and build a custom deck, all at my expense.

Since you have torn out the old toilet and base cabinet, now is also the perfect time to rip up the old vinyl and put down ceramic floor tile before the new fixtures are installed.New lighting, mirrored vanity cabinets, G.F.I. electrical outlets, wallpaper borders, towel rings and bars are usually the finishing touch.

If I'm buying my fixtures at yard sales and you're buying at HD, my costs are lower.You see the point here, all other things equal I'll be more successful because my costs are lower.Anyway, my advice, like the rest of it here is worth exactly what you pay for it, feel free to take it or leave it.

Small stuff like new entry flooring, some new fixtures in the bathroom to replace the current ones with a little rust, etc.

I purchased a new fridge and wall AC, mini blinds, plumbing fixtures etc ($800 worth).

Additional fixing to get it ready to rent would be under $500(new stove and bathroom fixtures).