Things like replacing plumbing, cabinets, electrical.  

@Samantha Hopkins, as others have said, unless you live in a "Hip" area that likes the retro look, I would change them.Don't forget to check for gently used or scratch & dent appliance deals (on craigslist).You could get rid of the double ovens, replace them with a pantry type cabinet and get a range with an oven.

Cabinets are in decent shape but showing their age.  

However, you have no cabinet uppers.  

In the kitchen, I'm doing the plumbing, tiling, new stove, cabinets etc. 

Generally, my business is cabinetry, so once I'm done with the building of cabinets, I collect another 50% of the labor before I do the install.  

The cabinets in the rest of the home are ok, but could use some paint.  

A quality contractor will get you the best price for cabinets, flooring paint, etc.

I've got connections for granite, cabinets, pools, etc.

I'm a new investor and would love to hear your opinion on my 1st rental property purchase attempt in Southern California.The good:1. 4/2/2 1600 sf SFH with big yard;2. flipped house so everything is new;3. comps with smaller square footage or not so good condition are all over $100k (ARV is around $120k-130k), and seller countered for $75k;4. it can rent for $1000/month;5. it's a relatively safe and quiet area.The bad: 1. vacancy rate is like 20%-30% in average for that area because it's rural and has lots of rental properties;2. roof is in very bad shape and will need to be replaced in a year or 2, which will cost about $5000-$8000;3. no dishwasher, will cost about $1000-$1500 to alter kitchen cabinets and add dishwasher;4. only has vinyl siding, not a good choice for high heat area and will stretch and sag, cost $5000+ to replace with stucco;5. no separate garage door connecting main house, will cost about $1000 to add it;6. house is about 2.5 hours away from where I live;7. almost no appreciation.Expenses: property tax: $1541insurance: $570property management: 10%maintenance: 5%tenant replacement: one month rentI understand how hard it is to find cash flow properties in SoCal, so I'm struggling on whether to proceed with this deal even though cash flow is only about $100/month, not to mention cash on cash ROI is less than 5% considering all the capital expenses in the near future.I welcome any input.