@Dennis KnappJ Scotts book on estimating rehab costs is a great start. https://store.biggerpockets.com/products/the-book-on-estimat...Here is a "general" rule of thumb for my market in Jacksonville, FL.

Out of that voucher amount, they will have a utility and appliance work sheet that provides a cost for each utility or appliance not provided by a landlord for each bedroom size.

(30% hit on your 100% of your money and you’re back to 102% of what you started with.

Hi Anthony, it sounds like you’re in a good position to start building your STR portfolio, especially with no debt, great credit, and rent-free living!

Then I would speak with a land surveyor or civil engineer to get a sense of what it would take to obtain all the entitlements and bring in the utilities, etc.     

You should start creating a pitch deck with a financial analysis / summary and market study to share with people to get them excited about the project. 

I can only think of 2 times inn the last decade my client has had to go though an eviction and both times it started cause the owner and tenant had personal issues. 

Or is it better to utilize different strategies?

I would start by looking for FACTS!

I remember a new wholesaler agent that didn't have any buyers, so she went to the meetup for other wholesaler companies and start building her buyer database from there.