I would not be afraid to buy a property that needs some rehab, as I have renovated two full kitchens by myself, and done lots of rehab with my Dad and cousin, so I have a good understand of what needs to be done. 

Sure you can rent the equipment and do it yourself , but Its back breaking work . 

I second a good side hustle and have spent some money utilizing a real estate photographer which is one way to get going and making good money with only about $700 worth of equipment.

I have been a global business developer in the world of construction equipment for the first half of my life's career and have watched Kubota take over the global excavator market country by country since the 90s against a field of 30+ competing brands by offering a product that costs 5% less, has a slightly better initial quality and about similar performance.

We include the cost of all the smart tech we want installed that the homeowner keeps, safety items we require in each property, and the items/signs we use to "brand" the home to our company, as well as our time setting up the listings, pricing, guidebooks, auto messaging, cleaning up the supply closets, kitchens, etc.

@Kevin Farrell There is an electrical supply company that sells high quality electrical equipment including meters on EBay for a fraction of the price you would pay at a supply house.

However this goes, learn from it and you'll be better equipped when you find the next deal.Sometimes, when we don't get to buy a property that we really want to, it turns out to be a blessing.

You would walk into any single, flip renovation or newly done apartment and you would see the same thing gray floors, gray walls, gray kitchen cabinets.

This is assuming you're fully equipped on capex and reserves. 

You need to make sure it's furnished and has all the amenities needed for extended- stays (fully stocked kitchen, washer/dryer, TV, etc.)