While I was waiting between showings I decided to take advantage and clean out some trash that was left in the laundry room.

Turn key companies have a lot of cost advantages and economies of scale that an individual doesn't.

This is a great summary for an already advantageous plan.

Not the least of which is everyone (trades and whoever hires them) is constantly worried about the other taking advantage.

I know that this comes with many advantages and it does make me feel more confident in purchasing.

I encourage you to take full advantage of BiggerPockets (podcasts, books, webinars, etc.).   

You can obtain very advantageous FHA financing for this project. 

Like Jaron said, there could be equity advantages to your improvements if done correctly but if you plan on living in the unit for a while, don't spend a dime unless you have to. 

Be sure that you highlight that "selling your house can be easier than you think" with the advantages of working directly with you instead of the more traditional route with a realtor.Good luck!

Although you put cash flow in your pocket on paper you do not pay taxes on that money due to the advantages of the many benefits of tax deductions.