Depending on the class of the property and rent range some other ideas might include ...Stainless appliances, stone countertops, adding washer/dryer hook-ups, updated bathrooms and kitchens, curb appeal on the outside. 

Dealing with old vanities and appliance though not appealing is only short term.  

In general, I think with student housing, you'll have to assume that some amount of renovations will be required after move out (which is why you probably want to choose cheaper flooring and appliances).

With negotiating a new roof and repainting plus updating several minor things inside (doors, outlets, appliances, etc.)

Also, check with your local utility, here if your primary heat is provided by an electric appliance you get a lower rate per hour.

My brother in law and sister are currently doing a live in flip in Charlotte where the numbers are crazy and I will say from their experience to be ready for anything and have adequate reserves on hand for issues that you need to prioritize for (I.e. in case an appliance goes out, heat/air go out, etc.).Not doing it personally like I said but from what I’ve seen it could for sure be overwhelming living around it so having that discussion with your girl beforehand as if the property needs considerable rehab you could both be relatively comfortable in part of the home if extensive rehab is required.

If OOS, then make sure you have good team in place, handyman, tenants, appliance guy, home warranty, etc.

I understand that plumbing, electric, appliances are my responsibility, but broken toilet seat has to be tenants responsibility, unfortunately some tenant do not understand this.What are your thoughts?

Go with quartz counters instead of granite. go with a Stainless steel sink since they're easy to clean, you can get stainless steel appliances on the cheap if you wait for a holiday sale.

I’m looking at those that are just rusted and still work.Has anyone just spray painted with an appliance spray after sanding or chipping away any loose pieces?