@Robert Easter, just to be clear, I am NOT advocating that you just blindly drop everything so you can buy your own apartment.

That said, don't walk into any situation blind; make sure you utilize all the tools available on BP and always ask questions in the forums when you are unsure of something.

In addition, the metric of median or average price sold takes into account the whole market so it's pretty blind to fix and flips.

As a first investment it may be tough on you inheriting tenants if you are going in blind. 

Yes, they do give out information, but because no one learns real estate, all those "students" can do is follow step by step what they have been told, pretty much the blind leading the blind. 

True, but an underwriter will be BLIND to that fact IMO :)   The Hurricane Andrew cut clear across the Florida peninsula from East to West and decimated Holmstead and all else. 

But I imagine these would be the best:1) Update your fixtures.2) Reglaze the bathtub.3) New blinds.4) Walkway.What those four have in common is that they are fairly inexpensive but increase visual appeal.

Here are some things to consider, from our procedure manual, as some additional ideas:Clean window wells before painting begins.Order blinds on-line early.Doors may need time to be rehabbed; order early.Focus on outside and drive up appeal early.

I need to have cabinets, carpet, linoleum, old blinds, junk, etc removed. 

We needed to add appliances, blinds (for windows) and have a few very minor repairs.