You did not mention the age of the property  you are looking at and that could make a difference if anything might need special care today like asbestos, lead paint, and the major draining system. 

Very minor rehab needed, maybe new vanities and paint. 

Lead paint requirements.

I'm running the numbers on how much I need to tuck away per month to be ready for "X" down the road (roof, major paint jobs, ACs...).

View report*This link comes directly from our calculators, based on information input by the member who posted.Could use a new roof, siding, windows, and paint on the inside. currently renting for 650/unit x 2 = 1300 a month.

Currently, I have a few smaller projects on a couple of houses: carpeting/tiling floors, painting walls that contain LED paint, installing A/C and heating system, installing light fixtures, installing appliances, making sure electrical wiring is safe, installing recessed lighting, insulating/waterproofing medium size room in the basement.

Don't get lost in the weeds with painting and fixing toilets.

I am a hands on person so I am willing to help fellow investors work on projects(clean houses, paint, etc.) to see the process first hand and learn.

Saw a listing for a 3 bedroom property that appears to be in pretty rough shape, including lead based paint.

On top of that, one tenant turn is going to cost about $1-2k if new paint or flooring is needed.