@Arjun KanThat should be clearly outlined in the sales agreement who gets the appliances and then that is fInalIzed on closing day

Like you mentioned it outlines how profits are distributed. 

I will proceed with the steps outlined above!

I've got a map that outlines different areas and what to expect from them, but it's not letting me upload. 

OKC is a good market because of what I outlined above.

Here is my current rough outline of a plan, please consider letting me know where I'm right and wrong.I plan on:Focusing on monthly cash flow.Hunting for deals remotely in Austin, TX, Fayetteville, NC, Fargo, ND, Columbus, OH, Sioux Falls, SD, Killeen, TX, Manchester, NH, Bakersfield, CA, Fresno, CA, and Clarksville, TN-KY.Purchasing the property in cash (as an incentive to discount), rehabing (as needed), renting it out, then securing lending after it is occupied (currently I have no debt but also no loan-worthy income, so would likely need the property to have existing rent before financing through a bank).Using property managersLooking to have a CoC return of at least 15%, so that annually the $400k invested will make at least $60k gross.I know each deal is different and this is a rough outline, but this is the general direction I am heading.

If the latter, I would suggest you start by fixing what is essential - whatever your building inspection outlined as urgent - to maintain the integrity of the building.  

For this reason, the down-payment requirement is 3 percent of the total cost—acquisition and repairs.Program RequirementsIn order to get an FHA 203(K) loan to purchase a property, a homeowner must meet requirements outlined by HUD.

They will outline the process in point form.

It wasn't until listening to podcast 327 where the process is really well outlined as a lead-in to David's new book where it really clicked with me that the BUY should really be CASH.