And there is no instant success stories whether your RE agent or wholesaler.

But the benefits to BRRRR locally are an instant 30% equity, a rental market with not enough inventory and appreciation. 

@Anthony Wick its not like they call the loan due and you need to pay it instantly, normally there is alloted time to refinance or get a new loan.

Talk about instant equity!  

And when you right, you have instant equity.

Plus, IMO those smaller appliances instantly stand out as cheap/weird/wrong, as most tenants are accustomed to standard size appliances.my2c

In fact, I disconnect mine, because it's loud and then my dog barks loudly resulting in an instant adrenaline headache. 

@Bret Weigel some people will leave the temperature high during the day, then get home and crank it down 10 degrees and expect it to be instantly cool.

Buy a little rental, fix it up for instant equity, get some cash flow, then reevaluate your options.

I always suggest updating the hardware like you mentioned, because that can help give an instant mini face-lift to a room.Regarding the appliances, when you say "black package," are you referring to black stainless steel?