The current way the studs are built is not up to code, so they have to rebuild the entire structure of the kitchen wall This is not uncommon especially when renovating an older home and when budgeting you should also carry a very heavy contingency for unknowns. 

Greg,You are correct I made some opinions based on reviews and a youtube video I watched where the first thing the gentleman said is "We are Not a lender".

Many home buyers will want a new home, and older homes depreciate to zero (sounds crazy, right?). 

It’s more conservative, the city itself is established, older neighborhoods, better city amenities (museums, arts/music etc), more pro sports, more hills, bigger river, has a streetcar, arguably better nightlife overall.

It’s a newly renovated 3-bedroom, 2-bathroom home, just one block from the ski slopes and four blocks from downtown.The current owner has been renting it out for $30,000 per month during the peak winter and summer seasons.

During the peak season you have to make your money when the slow season is so much less.I do have events where the prices are expected to be high due to supply and demand.I do see some of the dynamic pricing days as being rediculous and your going to miss out on the early bookers looking for a fair price.

So I want purchase it as my first rental property it's going to need rennovations for sure not terrible shape just older rancher home.

If youre older and wealthier, paid off sounds a lot better.

New-home sales hit a seasonally adjusted annual rate of 698,000.

Well I may not be the most seasoned in the world but my wife and I have established processes that work for us.