I closed on Oct 2020, and then did a full paint job, new floors, painted kitchen cabinets and replaced countertops, etc.

Full interior rehab like to the studs, or just cosmetic like some paint and cleaning?

The house needs a lot of updating- new bathrooms, kitchen, paint, floors…I spoke to one contractor on the phone who thought it should cost about 30K for what I wanted to do.

My opinion is that in a rental property, it's appropriate to buy wholesale, used, or scratched/dented appliances in a more entry level rental property.In a flip, if you're putting in new flooring, cabinets, countertops, paint, etc then you should also put in new appliances.

Finally witha 160k arv I doubt paint and carpet can be done for this.

Cleaning and painting can go a long way. 

The info on the web, and youtube.....which are American, paint a much brighter picture for these methods of transaction. 

@J Scott - I'll let our good friend @Brandon Turner paint the rosy picture, while I'll just take it upon myself to keep it real.  

Such as Voiceovers.The work product created by my VA’s allows me to hire locally for painting, rehab, other actual jobs.

However, there May be cases where you're just Replacing the floor or doing some minor painting work.