If the house is over 40 years old ( and I'll bet it is) there could be a lead paint issue.

I purchased the home for $78k and put about $5k into it in paint, appliances, and repairs before renting it out last month for $1425.  

You do not simply ignore the fact that someone has spray painted "whore" on your property, As a landlord/investor it is your responsibility to immediately investigate and resolve the issue.  

It's being cleaned up, fixed up with new floors, painted walls etc(I have a other thread on it). 

Lastly, I'm not sure if this is the correct place to ask this, but to my fellow KC area investors, could you recommend good local places to go (or other forum posts that reference this) for building materials, i.e. flooring, paint, appliances, etc.?

Do you think you'll be doing the cleaning, painting, lawn mowing,, or are you planning on someone else..I managed 3 properties 1 br units, total of 15 apartments and had full time job, 2 kids at home, but help from my brother, and knew when to hire help to paint and turn units,, I could leave my job at the drop of a hat so any emergency stuff wasn't a problem for me, and buildings were in decent location so I wasn't more that 15 to 20 min away. 

paint, carpet, clean up etc, so lets say $5k.  

Paint.

Based on already knowing cost for what needed to be replaced we could get an idea of cost.My local REI has a contractor member that has given out a cheat sheet of sorts that has material cost (updated as cost changes) and typical labor charges (also updated as needed) for several things like roof, flooring, appliances, cabinets and counters, windows, painting, etc. 

The house does need very minor repairs such as paint, vinyl floor is pealing up in a few rooms and dining room has wood panel walls I was going to dry wall instead.