MF close to the university is especially in demand as there is a built in supply renters. 

Go find out for yourself.Unlike old cars that need restoration and antique furniture that needs repairs, houses often come with big issues concerning title ownership and claims affecting their equity.Also, possession issues crop up in addition to hidden damages and unhealthy systems.Once you study, you'll begin to see that a bargain may--or may not-- be a bargain.

It's up to you if you want the tenants to provide the supplies or if you want to pay for them and add it to the rent.

I see lots of these people have website claiming they can supply properties at 30%, 40%, or more discount.

Staging about $2500 for the furniture and labor.BTW This investor found me on Bigger Pockets and we have been hitting hard ever since. =)Some before and after photos.

Maybe even give them a detailed cleaning list, and drop off the supplies so they can have it ready for showings? 

You will need to supply the lockbox (can buy at home depot).

Doing the work yourself will take longer, you won't be able to buy supplies at contractor discounts, and the longer you take to get the work done the longer you have carrying costs without rent money to cover it.

I guess its time to dig up the door to the Y2K bunker in the backyard and update the supplies and the ventilation systemCome to think of it maybe it wouldn't be good to survive and stick your head out to a wasteland.

I will schedule appointments back to back within that 2 hours.. if I have the chance to do that.I let people I'm showing know current tenants are still there and sometimes it's nice because furniture still there gives them idea of how things will fit.