Assuming that my ARV is correct and I'm not terribly confident it is as we're total newbies, I think that we might be able to get right around the $200k mark with some sweat equity in projects that we can do, modest kitchen upgrades (counter tops, backsplash, possibly replacing some cabinet hardware), and modest bathroom upgrades (tiling the floors, replacing the sinks and vanities).

If it's your first time trying it, or if your contractor isn't familiar with them, do yourself a favor and keep some of the old cabinets and drawers from the rehab so you can practice first.Drawers:https://www.amazon.com/d/Cabinet-Drawer-Slides/Rok-Hardware-Drawers-Adapter-Retrofit/B00JJYIVHMCabinets:https://www.amazon.com/Silentia-Soft-Close-Hinges-Frame-Overlay/dp/B001N33136

Install new style handle hardware.

Right now I am looking to add a property to my portfolio, I have been reading books and blogs to better prepare my mindset and my wallet for such endeavors.

WTF, the carpenter damaged my cabinets because he used a dull blade when drilling for the hardware and now I have to get the right sized washer to cover the damage.

Leave your wallet at home.  

If your wallet/financing can support this and proper due diligence is performed you should highly consider moving forward.

Assume $1200.Toilet and fairly nice vanity, another $1000.That leaves plenty for the flooring of your choice, plus matching faucets, hardware, knobs, switch plates etc.

The rest can stay in the door since they're all the same brand.If my spare set at home doesn't match up with a newly vacant property I can have each lock rekeyed for $5 a piece at my local hardware.

Hell, he even personally fired the president of GM just last week - although he did need to go.You know, I've been thinking but the quote on the dollar bill that you have in your wallet, says "In God We Trust."