The cost $981 for cabinets & it rented out immediately for $250/month more.We also go to local contractor supply auctions here where entire kitchens etc are auctioned off.  

Just be aware that pay stubs can be fake  (Google 'fake pay stubs' - it's kind of amazing these websites are legal but I digress).I typically call their employer (I look up the employer's phone number VIA Google and don't simply dial the number the potential tenant supplied; once connected I ask to speak with human resources) to confirm they work their for the duration they've stated as well. 

When Asheville runs out of supply, which is traditionally only during leaf season in October, demand moves north to Woodfin and Weaverville, then east to BM.

I anticipate keeping the cash now would allow me to make a stronger, cash offer in the next deal sooner rather than having to wait to refinance out of this current one if close on it cash. 

Supply vs.

The previous owner didn't supply appliances, but I will. 

I did not handle that side, we partnered with a contractor who got the hardmoney loan , the ivestors supplied the needed down and rehab money.

. -- to see which metrics actually tracked with rising rents.The metrics that track most with rising rents are:Tightening Supply (as measured by persons per unit)Median Household Income GrowthJob GrowthPopulation GrowthSo, while the common knowledge is to chase population growth, the real answer is to chase limited supply and rising incomes.

He supplied the funds to do a cash offer, so the properties are under his name.

Money is in high supply.