If leasing, then cheap tile backsplash and either Formica or Silestone counters.

After the rehab, we generally re-apply for a landlord policy and cancel the first one.A big part of this being reality is huge losses to the insurance companies where a so-called "investor" buys a property cheap, insures it, and then a short time later has a catastrophic loss and a large payout from the insurance.  

They offered to pay $150 more per month just for a few cheap furnished items I provided and already were paying 200 more than I had originally asked when I was only adbvertising to select group of people (mainly not college students). 

Many investors think this way when looking at really cheap property in bad areas.

I drive a heating oil truck for a friends business during the rush in the cold , many times I show up for a delivery and knock on the door , I must have CASH before I can fill the tank .

I have been criticized here many times for being too cheap, but I don't mind.  

You might be able to do so in some cheap markets.

Yes, they can be had cheap, but cash flowing them is the challenge:  HOA fees and special assessments are only a few of the costs…let alone the PITI, repairs, vacancies, and less than predictable appreciation.  

Drive around Pine Bluff and look for cheap houses to fix up and make into rentals.

It's great to keep track of ideas, scripts, business plans, rehab ideas or cheap materials.Just be careful with mentors offering to be your mentor.