I’m in the process of relocating and my chosen city is actually a seller’s market.

When I you wrote that, I went back to TT and looked to find it indeed had a 1040 and more forms chosen for my situation.  

From there you can read other BiggerPockets books which are specific to your chosen niche.

It is always a gamble when spending money.but like the movie Field of Dreams said over and overIf you build it they will come.I believe that there are people who although don't make muchand cannot afford the extras would love to have the extras and take care of the privilege.What I have found is that if you price too low you get people who are too slick for their own good.It is my model to offer the upgrades for the same price as my competition.not lower but the same.So the value is built in upon lease signing.

Renovations on my property have been 98% done for a month now but I've chosen to let it sit until I can refinance in a month.

So, we took a gamble and sold our home we forced sweat equity into and took our equity and ran west to start over again.

@David Gamble - If you are wholesaling this deal you with the numbers you provided you are leaving zero equity to the end buyer.

I have never chosen a location I had no connection with.

But then again , I still like to gamble in little ways ,like grab a rattlesnake by the tail. ;).

Sure, the markets will fall, but companies like Proctor and Gamble aren't going anywhere because people will always need their products The same goes for real estate.