New carpet, kitchen flooring, light fixtures/ceiling fans, paint throughout, new baseboards throughout, new electrical outlets/switches/cover plates throughout.

You can get one refurbished, scratch and dent, from a place like Sears Outlet and they're far from expensive.  

When people hit financial hardship its because something unexpected occurs and they don't have a good plan to address the surprises in life.  

If you can squeeze $200/month cash flow it may be worth it but unexpected costs, or expected like a new roof, can kill your cash flow.

So if you're new at this, you plunk everything into this deal, the loan committee will ask the loan officer, what happens if there's unexpected expenses, and he's got to have an answer.

The process is dialed down to outlet covers.

You also need reserves to pay for the expected (e.g. periodic roof replacement), and the unexpected or unscheduled.            

I feel I have a grasp on the basics, and I'm continuing to seek mentors, but at some point, I feel I need to jump in and learn through experience.  1) I definitely agree that having enough reserves on hand to deal with the unexpected is essential.

I put $5,000 in reserves for each property to cover unexpected events.I recently bought a 4 bed 2 bath in reasonable shape in a good neighborhood in Mesa for $100 down.

At this point I am not requesting any help, as I will likely find most of my questions answered through the various content outlets on Bigger Pockets.