Right now, if it's just for income, you need to dig deeper and understand what you are getting yourself into for that income in terms of being a landlord and repairs.

Sparing the fringe cases, most of these properties are literally over 100 years old and setting aside the 10% i mentioned above for repairs has worked well for clients.If you are dealing with a property that is 40 years old, that's pretty much a new build in my book haha.

If it is decent quality then I would keep the carpet in place and see how it wears.

I'm a pay for quality kinda guy. 

Then after they take their fees, and any repair costs for the month, I get direct deposits to my account of the remaining balance.

Make sure both properties have all the repairs and maintenance needed and no major cap ex is needed before you try to add one on double leverage.

Right now we only list on Furnished Finder, Airbnb, and VRBO and our 3 bedrooms are usually booked by local families doing renovations or repairs on their home and groups traveling together for work projects.

I'd plan to save any profits each month for future CapEx, repairs, vacancy until we had ~20K for this house set aside.

Also, brand suggestions for quality?

The point of making money is to increase the quality of your life.