Although no extensive renovations were necessary, we maximized the property's appeal through targeted marketing efforts.

Check out my other posts with extensive details about his land guru business and how they frauded us each for over $30k!

going to depend on age of house how extensive updates, etc, etc, etc, there is no short cut number that will work 

He collects social security and has a part time job.

My first Airbnb was a room in my house that brought in $1500 a month. 3 years later I have 7 Airbnbs that collectively bring in $12-14k.

The house required extensive renovations including the roof, windows, HVAC system, kitchen, bathrooms, and more.Initially, my GC advised that only a permit for the roof was necessary.

Anyone with a LT lease in place who has collected either two months rent or security and first months won't get tagged for vacancy. 

I would recommend this rather than splitting the bill and trying to collect that amount each month. 

I am a new BP Pro member and have spent the last couple of months in my area looking for great deals - any of the properties worth purchasing just seem to require an extensive amount of work.

Couple the two together and you have a receipt for tenants that cannot afford to live.As for trying to collect, you should ALWAY put them in collections for two reasons. 1.