Renting a "dated" property.

[Robert Fountain]

Hi Everyone.  

Trying to figure out the best way to phrase this question...

Is buying and renting a property that is structurally sound but otherwise dated with regards to kitchen, bathroom etc common practice?  

The comps are similar in the area.  Many dated houses etc.  I'm just confused as to whether I should rehab it a bit before renting?  It does need new carpeting in a couple rooms and some paint but other than that the only thing is the kitchen and baths are dated.

Thanks in advance for the advice.