It is a new build townhome in Houston ~1700 square feet.

You could look at other nearby rentals and average the rent/sqft of these listings then multiply this number by the number of square feet of your home to get another estimate.

When you get into adjusting for square feet thing get a little more complicated when you look at values for the marginal (read: additional) sq ft.  

Family is mostly to help with being our feet on the ground in an emergency.I'm saying the current value of the home is 162k.

which I have noticed primarily involves something along the lines of "fear of the unknowns" or basically just to "jump in with both feet and quit making excuses".

We are also looking at purchasing 2-4 units in a deal that looks interesting, but not in a rush.Everyone has a different approach to getting their feet wet.

I'd probably offer a nice round number, probably $50.

Don't listen to the gurus...jumping in with both feet with no experience is a terrible idea.

Try to forecast what would happen in a bad deal and see how it plays out.A phrase I like to live by: "Keep your eyes in the sky, but keep your feet on the ground".

Hello all,I am working on remodeling my first investment, and I need to have the old, thirty-year old carpets ripped up and replaced with laminate / vinyl to look like wood for the living room, dining room and kitchen, and the three bedrooms to have new carpeting.The house in question is ~1,500 square feet, but I have gotten some extremely high estimates for the job and am wondering if I'm either misunderstanding something or not approaching this job correctly.