On the new wall, use 2 layers of 5/8 drywall with a layer of acoustical caulk between.

I paid Home Depot carpet layers to install 1 bedroom of carpet - I let the tenant pick the carpet from a selection of samples, and the tenant now thinks of it as HIS carpet. 

My company works primarily with floor layers, but for whatever reason when on island we will get a lot of carpenters sent to our job sites.

This is so vital for success of a rental property it is paramount this be done correctly.

Keeping the home clean and in top shape are game-changers elements in your hosting experience that will add tremendous value to your guest stay, adding an extra layer of comfort and safety to their holiday.

Maybe Murphy's Oil soap all of the wood and leave it as is and see if it rents.I say that because you don't know what's behind that paneling (cost $$$)(40 layers of wallpaper, giant cracks in the lath and plaster, etc...) and from the pic it looks like a lot of cabinets (cost $$$) to replace.If it were mine and I decided to leave it as is, I'd probably do the kitchen floor in (period type) 12 x 12 squares and replace the carpet with dark LVP and see how much rent I could get for it.Probably a new Formica top and a new Dish Washer (just to avoid service calls on the old one) and Greige the wall color.Of course from the pics I can't tell the condition of the cabinets--but have have seen similar ones of that age in incredible shape.Good Luck!

I like that you add a land trust to the mix... for an extra layer of anonymity. 

I continue to "layer market" each and every year keeping the 10-12% total marketing budget as my goal. 

However,if I were able to do that, it's still vital to have a reserve fund for repairs, unexpected fixes, etc.Interested if others have gone this route, or can share what roads they took to raise capital for their investment properties. 

Typically you'll just take the gross rent yield and cut it in half to account for all expenses including property mgmt (multiply gross yield by 60% if you'll manage it yourself).Now layer on the benefits of the 75% leverage (loan).