I spent $7k on new appliances, carpeting and paint and a month of my labor flipping the place.

The old moldings certainly have lead based paint.  

I'll need to have a dumpster delivered new roof, new exterior paint and fixing some siding, new drywall texture new doors new trim new floors a major cleaning in the kitchen new countertops appliances and fixtures.

., getting tenants to follow rules, fixing broken items, painting, keeping up the lawn, etc). 

Roofs, plumbing, electrical, paint, etc?

Not event putting paint on walls.Class B property for us means it likely needs paint, and new flooring.Class C property will be when we strip it of everything; flooring, cabinets, appliances.. roof could need replacing, inside and outside doors, any amount of work that’s more that putting down paint and flooring.

@Tom Ott - the property is in good rent-able / habitable condition with recent carpet, paint etc.

I am okay with it given the fact, no additional funds were invested to upgrade the properties over this time (i.e carpet, paint, etc.).

For example, the first phase will include the exterior: Roof, windows, gutters and exterior paint.

Electrical, plumbing (the main items), plus cosmetic work painting and some new appliances.