I also recommend installing LED lighting(let me know if you need a few bulb recommendations,) even if you're not paying the electric bill, your residents will appreciate an apartment with a small bill(and of course it will help them pay the rent.)Michael

It also appears to need new flooring throughout, new light fixtures, and paint.

I own my own washer/dryer & can get a microwave if I need to.Things I've had issues with:Tiny bedrooms, terrible lighting, and terrible leasing offices (apartment specific).Things to know:This is for my family.  

If you opt to stage the apartment hang a few black and white prints and add a pop of color.I guess just choose something that looks good with the flooring and the lighting in the room and stay away from crazy colors.

i know what Rubs is, the only problem is this doesn't seem accurate it the tenant leaves all the lights on all the time, or leaves the water running by"accident"

The expenses seem light. 

I wouldn't say that I am extremely experienced, but I have don't a few deals, and since you are only looking for the first deal, I think I can shed enough light for you.From the time I decided that I was going to be a REI, to the time I was signing a contract with a seller was about 4-5 months.

Also you will need a flange extension for the toilet waste pipe.Swap out the vanity/faucet, medicine cabinet, and/or light fixtures.

Wall wash with TSP prior to painting if possible,, if the ceilings are flat (not popcorn) wash also, a sponge mop with a towel over it works great and fast..2 buckets one wash one rinse.you wash everything,, doors, trim, floors, cabinets, light fixtures, all windows glass and tracks.Bleach is ok to use but I've found that TSP is best thing to actually REMOVE the nicotine,, you'll be shocked when you see how well it works. 2 Prime, Kilz primer to seal anything your going to paint.3 Remove all blinds, throw them away the plastic retains the odor and they'll be gross anyway.4 Air Ducts if you can reach inside wash out.. then spray Kilz in them as far as you can reach with the system off.  

And you know what the saying is - if everyone is doing it, there's no more money to he made there.Just LOL @ competing with millions of other college graduates all looking for the same jobs in 2017, when people are on youtube literally lighting their law and business degrees from HARVARD on fire.