I can do the fixtures, kitchen and bathroom vinyl for about 350 bucks if I time the menards sale right.As far as 1 bedrooms go I would disagree they are completely transient, we have multiple 5 plus year tenants..They do attract a limited pool though.The asking price is not what it will sell for.

Ok, painting is fairly cheap and easy, but what about more expensive items like carpeting, refinishing hardwood floors, maybe new kitchen countertops, etc?  

Hello All, Long time lurker, 1st time poster and soon to be first time real estate investor.

I had been expecting more along the lines of "requires dedicated parking space" or "kitchen may not have a stove" type of thing. 

Yes, the kitchen was passable, but it was  going to be a gut in 5 years.  

It is a small kitchen, just enough room behind me for a dinner table.

The home has all solid hardwood floors in all rooms but the kitchens, bathrooms, foyer, and basement.

Size:  Above Ground 1,660 sq ft/ Unfinished Basement 350 sq ftI'm looking to update below items:Exterior: New roof and window (as needed)Yard: Cut big 2-3 trees in the backyard, clean front yardInteriorBasement needs mold remediationNew kitchen (cabinet, appliances, & etc)New Bathroom (2.5)Move/remove walls Add ceiling wallAdd insulationelectrical work (if needed)plumbing (as needed)new paintNew floorIt pretty mush needs a complete renovation.

Size: Above Ground 1,660 sq ft/ Unfinished Basement 350 sq ftI'm looking to update below items: Exterior: New roof and window (as needed)Yard: Cut big 2-3 trees in the backyard, clean front yardInterior Basement needs mold remediationNew kitchen (cabinet, appliances, & etc)New Bathroom (2.5)Move/remove walls Add ceiling wallAdd insulationelectrical work (if needed)plumbing (as needed)new paintNew floorIt pretty mush needs a complete renovation.

Unless the whole kitchen is brand new with manuals and new tags for a flip.