I do know until you get to a certain rank you really dont have the resources or time to sink into viable real estate assets.

That being said, I don't have thousands to sink into repairs after the purchase.  

If you learn to do it, you know:a) what's involvedb) how long it could take (for you, non-pro)c) how good of a job you can do personally (to compare to contractor)d) Whether it's worth it for you to do it to save the money.An example might be to fix a leak in a pipe under the sink.

. - Kitchen appliances are almost at end of life, cabinets could badly use at least a facelift or full renovation.Obviously we are going to have to sink a fair amount of money in materials alone to this place.

You also run the risk of higher turnover costs, which can sink a landlord whose running on thin margins. 

CHANGE OUT ALL ANGLE STOP SUPPLY VALVES TO ALL SINKS AND TOILETS.

Why are wives the world over asking their husbands why they didn't go hire a plumber instead of trying to fix the sink themselves?  

Appliances 3,000.00 Kitchen Cabinets 3,000.00 Kitchen Counter 4,000.00 Sink 500.00 Washer/Dryer 1,000.00 Bathroom gut 5,000.00 Paint 500.00 Molding 500.00 Doors 1,500.00 Closet Inserts 500.00 lighting 500.00 electric 100.00 demo 200.00 removal 1,200.00

Morevoer, when outdoor temperature is over 85F (in Irvine, CA so everyday), there is no cold water from the sink/shower, etc.

Coffee sounds great too, I'd just need to brush up more on the basics so your advice can really sink in.