We removed 4 walks (including load baring), installed 2 walls, added half bath, replaced all plumbing and electrical, added new eye brow porch, painted full exterior (changed color), replaced all flooring, new bathroom and kitchen layout with everything replaced (shower, cabinets/vanity, counter, appliances, etc), stocked with new furniture, added mini split, removed gas/wood fireplace and added a new electrical fireplace, and placed initial STR tenant in 2 months and 1 week.  

I have a bathroom attached to it, so I was planning on keeping it with the garage so I will end up just adding a small kitchen, living room/bedroom.

Added an additional kitchen downstairs with family room and two bedrooms.

I'm scarred by old wallpaper, but am thinking more and more of putting peel and stick wallpaper on the back of an island for a quick design change in the kitchen.

It would contain a kitchen and a bath and have its own exit.

The dining room off the kitchen was used as a living room and the 2 bathrooms were what I called comman space on the lease.

It has granite countertops, brand new appliances, new kitchens and bathrooms, etc.

We opened it up, made a nice kitchen, changed the flow of a bathroom, new floors, paint, roof, and deck.

Sharing a bathroom and kitchen?

They instead focus on fully gutting their projects and install entirely new kitchens, bathrooms, fireplaces, accent walls, etc. and any exterior or mechanical upgrades necessary.While I understand this whole hog strategy, part of me says this will end up increasing the value of a home so far beyond other homes in the surrounding area that it wouldn't sell for what it's likely worth.