I am planning to convert the living room in the property to bedrooms and want to use the garage as common space (have a pool table or a Foosball table, a couch etc).

Another common challenge is the tenant quality.

If your fee is $150k I would expect a very healthy budget to be spent to marketing and advertising this property all over the place.  

Here's some generic guidance.Software is a common question on BiggerPockets.

No way, unless you're talking about a multi-family common area.

You need to understand the market, advertise to buyers, show it in the best light, know what to say and what not to say, be skilled at negotiation, understand contracts, and much more.If you don't know how valuable a good agent can be, it's because you've never used one, or they made it look easy because they are skilled. 

Hi Kwok,From my experience, it's really common to have to expand your search for comps, either by looking for more than 6 months back or by going more than a mile out.

Have you looked into advertising as a co-living LTR, or as a 'business to buy'?

Quote from @Tessa Tsui: Software is a common question on BiggerPockets.

Super common in Chicago.