@Francisco Feliz, to piggy-back off what @Jeffery H. said, I'd recommend considering the rents in the area before renovating.No matter how "nice" you make an apartment (granite/stainless/etc...) rents will cap at a certain amount in a given neighborhood.

I am the President of Granite Key Leasing & Management, located in the Wichita Metro Area.

Each unit is 3 bed/2 bath.Price:  450K < price includes granite counter tops, all appliances, sod in backyard, front yardRent: 1200/unit (4800 total) < confirmed with local property manager after running CMAPITI: 3000 per month (PI: 1700, Tax:1050, Insurance: 250:  yes taxes are super high)Prop Management: 400/monthMaintenance/Capex: 400/monthVacancy:  250/ month (5%)Cash on Cash: 8%First year maintenance is fully covered since its brand newI know that the cash on cash is low but I also think that it might not need 400$/month to maintain at least for first 5-6 years.  

I'm from the Bay and been up to Granite Bay for the beach a few times =)  I agree that getting your real estate license is a benefit for investing...

So I may have to reply several times lol, it's still too early in the morning.But the house doesn't need many repairs on the outside, on the inside I would say the house needs new steps, when you step on them they feel like they could give at any moment, the kitchen is nice, it has granite countertops, nice cabinets, appliances etc.The walls need painting and the ceiling upstairs could use work, and the bathrooms needs a plug and that thing you put in the wall to put your toliet paper roll on lol..The little roof on the back attached to the house needs repairing, but the house is bigger than 800+ sq ft.

Replace old kitchen with new cabinets and granite countertops. 2.

My hubby and I are looking for tiles, granite, and cabinets. 

Everyone"s tastes are different, everyone wants granite these days but I don't like it, I just remodeled my kitchen and used Soapstone.

Like they wanted marble instead of Granite.

There's a lot to learn as you go through your first flip, even excluding the rehab activities, and if you bite off plumbing/electrical/framing/drywall/tile/toilets/tubs/cabinets/granite/lighting/HVAC/windows/doors/trim/paint/roof/HWfloors/landscaping/etc. all at once you can get in over your head and find yourself with unanticipated timing and budget issues that hurt your profitability.