and knowledge at our disposal.

On your first deal, just make sure you're confident that you won't lose money...that the furnace/HVAC/roof won't cave in immediately, that you can get the other unit rented out quickly, that you can find a competent, aggressive property manager.Also, while you're turning over that one unit, you might try to tenant proof it as much as possible...take out the garbage disposal, and someday when the carpet needs to be replaced, put in laminate floors. 

Start to lookup the address and found out that it was foreclosed 2 years ago for several thousand $$ and will be auctioned at a county treasurer trustee auction because of 3 years past due property tax.The county's record shows the deed recorded from the owner to the county 2 years ago, 3 minor liens by the waste disposal company and then there is no more record. 

They will also charge separately for carpet removal and disposal. 

Tons of information at your disposal here.

This is what I have budgeted:$3000 for appliances$350 sink$100 garbage disposal$450 hood vent$300 facet$100 backsplash$350 hardwood floor$1000 granite counter top$1000 white wood cabinets with silver hardwareFirst question: is this a reasonable budget for what I'll need to buy? 

My wife and I would suggest to others is a WRITE A HAND WRITTEN LETTER to the heirs or spouse within a few days offering services of What we can do ,How we may assist , Many things at no charge , Disposal of contents , Estate Sales , Shipping of certain Contents to out of state heirs .

There are almost always small replacement expense i.e faucets, disposal etc and "C" properties tend to be neglected by both tenants and the owners.

I have read that they can be complicated in regards to legality and paperwork especially if you have never done one and do not have a mentor at your disposal to walk through the deal.

This covers: major kitchen appliances (range, range hood, refrigerator, dishwasher, garbage disposal), HVAC (furnace, zonal heaters, AC units), and water heater.