I just bought the appliances.

All the appliances need to be modernized well basically the whole place.

We use hardiboard siding, metal roofs, higher end laminate flooring, tile in wet areas, granite tops and stainless appliances.  

Looking at the pictures, it definitely needs a kitchen rehab and flooring as there has been some damage (some stripping of the tiles, appliances, and some of the cabinets removed).

If I buy a house that has an outdated kitchen and buy decent, but not expensive, cabinets and appliances I'll probably get a higher ROI than if I bought a house that already had a good kitchen but I want top of the line cabinets and appliances. 

@Jonathan Tea Don't forget to factor property management cost, property taxes, vacancies, repairs, capex, insurance, possible evictions, stripped appliances, copper, ACs, furnaces, water heaters, code violations, redos to make rent ready again and the rest of liabilities these price points can be plagued with.

Rather granite kitchen with SS appliances, some repainting, new carpets and a few other details and this property would be great to get on the market to sell or even rent it out for a nice 1200k+ cash flow.There was much debate on whether to rent or flip the property.  

If they want all new stainless appliances and the rent is $500 a month, probably that isn't something you should do.

List the location, place plenty of professional pictures, the rent, features (A/C, new appliances, etc) and describe glowingly why someone should live there.

It does give you a warm and fuzzy as a home buyer though, especially if the home or appliances are older.