Let's rope that pony out of the herd And set a brand on him all by himself, exclusive of the other issues.

There are several large brand new affordable housing buildings being finished less than a mile away, that will also pull potential renters from this property.I'm not sure where you pulled your numbers from, but I wouldn't be surprised to see that property rent for less than $3k/mo for the entire house. 

So, they will give same consideration to a property with a dated kitchen as a property with a brand new kitchen.

Quote from @Gian Pazzia: For properties that small, you should budget $450 per property and use cost segregation software like the one below from a trusted brand that has been in business almost 25 years.

Quote from @Gian Pazzia: For properties that small, you should budget $450 per property and use cost segregation software like the one below from a trusted brand that has been in business almost 25 years.

I am a brand new investor, looking to dive into the Section 8 game in Detroit.

Within reason one could include items branded for business marketing. 

Nice to meet everyone. I attended the Webinar today with David, and really enjoyed it. Great to be here!

I'd find a lender that can do deals with brand new companies and do not require seasoning, if you choose to go that route. 

I do not have any 1 BR STRs/MTRs but I have seen annual STR rents based on bedroom count in both my market (San Diego) and emerald coast (one of the markets I have made offers) and the difference in the income is substantial between 2 BR and 1 BR.