If the house needs a new roof, paint, new carpets/flooring, updated appliances or anything like that, your repair costs are probably too low.You also need to factor in closing costs.

I personally have been purchasing used appliances, even when doing a rehab.

That takes away the 'something changed' from when we entered into the contract to when the contract closed.Maybe the buyer expected that the appliances were staying and they are gone or maybe there was a kitchen fire since the buyer last saw the property or maybe 'swept clean' in the contract does not mean that the couches and piles of trash should remain and there they are.

The house was in very good condition, we just put new appliances.

Major issues we addressed:Water in Basement - Addressed grading issue by adding dirt around house, new roof and gutters.Water Heater & Furnace - Replaced.Outdated Kitchen - New cabinets, counter tops & appliance in kitchen and opened up wall separating Kitchen/Living Room.Outdated Bathroom - New vanity, toilet & shower.Unfinished Basement - Fixed up bad drywall job and finished.Deteriorated Garage Siding - New garage siding.

We remodeled in 2015 with updated appliances and quartz countertops in kitchen.Home sits on corner lot with a large fenced backyard.

Updated kitchen with new quartz countertops and stainless appliances.

I have never done one before and am looking for a good book that might have common pricing, terminology, etc. that I'd need to buy appliances, know what size stuff we need, etc. so I don't sound completely stupid.

I want to rent an apartment or a duplex, but most places around here have ancient appliances from 20 years ago.

Debatable: treat it as an appliance with a 5-yr life, including an option to write it off completely as such.