Designing appliances is not. 

The kitchen appliances alone would be right at $25k to replace.

If you have a guy that can fix appliances- we rent washer/dryers for $25 per month.

Appliances are 2-3 years old.  

Demo,  new appliances, carpet,  paint,  cabinets,  granite,  fixtures, update of bathrooms would run me $15k alone. 

As well as the kitchen (new counters, appliances, and flooring).  

Great school district, close to the city downtown area, very close to train station leading into Chicago.Asking $179,900 (way over priced)Offer: $115k (comps suggest similar properties have sold for $111k and $127k)Down payment: $8,000Taxes: $3000; HOA: $125/moImprovements needed: ~$15k (flooring, paint, cabinets, appliances)Vacancy: 1400 (one months rent)Maintenance/repairs: $100/mo (budgeting for $1200 annually)Potential Rent: $1300-$1500/moUtilities: would be paid by potential tenantInsurance / Private Mortgage Insurance: $1500 combined (would hopefully refinance after repairs to get LTV of under 80%)Would self-manage to add to cashflow.Please let me know if I am missing something or if my numbers seem off.

+ Are the appliances yours?

A modest estimate of ARV is 52k I met with the seller to take a look at the property and although the interior is dated the seller agreed to include all appliances in the deal.

 # of bathrooms unspecified.Each recently updated unit has:1172sqft2bdrm + bonus/den1.1 bathW/D Hookup, all other appliances includedlow maintenance front/back yardsattached 1 car garage + off street parkingnew wall to wall carpetquiet dead end streetminutes to shopping, Community College and Interstatepreferably no pets and non-smokersLessee to pay all utilitiesPictures and info at realtor.comI have a youtube video of my initial walk through here.