Or can I get the Costco brand items?? 

They're about $2K, but in-unit W/D is the most requested item I hear.4 burner gas top should be OK.

Your numbers are close and assume no more work is needed than the big ticket items you mentioned. 

You are entering a dangerous area. 

I always make sure that the properties are cash flow positive, but the large bulk of the money I make from them is from the other items (appreciation, debt paydown, tax benefits, etc). 

I look at every single item in the pro forma and imagine that it is complete BS, and see if I can challenge it.

When you analyze a market properly (1% Rules aren't properly), you're analyzing all the properties in that market at the same time.It's even more dangerous for newbies to use any Rule of thumb.Rules of thumb are nothing but shortcuts, which seems to be the growing method of doing anything now. 

I didn't see a budget line item for furnishings, interior design, and amenities.

in our area that is a real big deal.. we did another demo and left a few pieces of flooring an inspector came on our job determined they had asbestos in them and we violated taking asbestos items to the regular land fill.. that cost me 19k in fines and 18k in lawyer fees to keep the fines from being really big..

Very dangerous action.