I don't have a PM company yet but planning to hire one once the renovation is ready.Maybe smaller follow-up here: You also would leave the porch as is or would you stain it/ do anything else?

Classic wood stained cabinets will always have a place in real estate.  

I have had cheapskate owners that wouldn't change the carpet when needed, or polish out a stained countertop, and did not repair or replace upholstered furniture.

Yes check on the veneer thickness and if it’s prestained or if you have to stain it.

For instance, if a Tenant asks if they can re-stain a deck, well of-course, the deck has to get restained sometime in the future and so that may warrant a monetary incentive, the Tenant would be happy for being able to do it and get a small incentive and the owner would be happy since it needed to be done anyway and it was done for a much lesser cost - win/win.

A bad roof and HVAC don't rule out a property as a good investment as long as the numbers work.Inside the property, I look at outlets (Three prong outlets are good, two prong could mean the electrical system is dated), possible water stains, water heater, and general layout of the home.There's a plethora of other things to look at but I wouldn't say anything is a "deal breaker" so long as the problem can be addressed and the numbers still work.

Are you going to buy cheap unfinished cabinets from Surplus Warehouse and then have them stained, or are you going to splurge and get some custom oak cabinets made from a reputable cabinet maker?

Folks,Anyone have experience with staining or painting these type contractor grade cabinets?

On Airbnb, it’s really hard to get paid for damages, because when you file claims against people they give you terrible reviews, so I end up eating a lot more than when someone is on a lease and I have a security deposit and I can charge them for staining the carpet or my towels or whatever.Overall, I’d say Airbnb is consistently yielding about 20-30% more rent from the same spot, and the guest is usually paying 15-25% more than what I’m collecting.

If you think it is ok to rent a property with stained carpet, you are a tired landlord.