I learned that in Germany (and possibly other EU countries) the tenant supplies his/her own kitchen -all appliances, cabinets, countertops, etc.

I saved thousands by doing a lot of cosmetic work, which includes: installing my kitchen cabinets, countertops, tile, backsplash, installing tile in the bathroom, the toilet, and a lot of other cosmetic stuff, especially the floorboards, crown, and casing. 

Also, under tools, then file cabinet, you can find some wholesaling contract so you can get an idea of how it's structured.

Removing the previous tenants that hadn't paid rent or electric in years, new floors, new vanities, new toilets, cleaning the cabinets and shower to make them look new again and repairing all electric, windows, etc.

Removing the previous tenants that hadn't paid rent or electric in years, new floors, new vanities, new toilets, cleaning the cabinets and shower to make them look new again and repairing all electric, windows, etc.

Removing the previous tenants that hadn't paid rent or electric in years, new floors, new vanities, new toilets, cleaning the cabinets and shower to make them look new again and repairing all electric, windows, etc.

There are a lot of homes that need a lot of work so it would be done within a year to a year and a half, new paint, new appliances, cabinets, flooring, etc.So what y’all are saying is I would need to make the LTV go up by 20-30% to be worth it?

Paint, floors, cabinets and counters

If the counters are falling apart and look like crap you can maybe repaint/restain but you can replace a small kitchen cabinets for about $100 per lineal foot. 

You have to see past the cabinets and sheetrock and visualize what problems you may encounter in the walls or floors.