Make sure you do your due diligence on the water heaters, A/C, refrigerators, stoves, etc.

Maintain all else (Fridge, stove, dishwasher). 

You want to buy this nice lady a stove? 

All cabinets from Lowes & were slightly damaged $980 (I'd been collecting them for a few months).Laminate counter tops $200.Appliances were a Samsung deal for another flip we're doing so we added these to the order.Fridge $425, Stove $325, DW $400 Microwave $23 ( It was a $249 Frigidaire Gallery unit but side was dented & I did some sheet metal repair).

Kitchen fires are most common because people will sometimes forget something on the stove or start a grease fire because they don't clean it.

I figure I can finish it and add everything except a stove and rent out for air bnb.

Day 1- 2500 bucks to fix the leak and buy a stove and have it installed on short notice.

I was also thinking about getting a tankless water heater to open up space to redo the kitchen layout to fit a stove/oven in there as it currently is just a kitchenette.

I think some of the info may help you in this process:Here are some things to look for from an Insurance prospective:1.Any in-ground tanks (active or inactive)2.Any Knob & Tube or Aluminum Wiring3.If built before 1978, does the building have Lead Safe certifications4.Any wood stoves or secondary heating units.

How valuable is a fireplace/ wood burning stove to a home in Salt Lake City Utah?