Louis, even buying a property for $2k might be overpaying for it ;-) These properties always need some sort of extensive/gut rehab, so they are not for the faint of heart (or stomach)!

Gutted the floors myself and installed new subfloor and new flooring on entire first floor.

@Richard Bautista your gut is serving you well, saying something feels off here. 

Lastly, trust your gut; if something seems off during the process, it’s worth looking into further. 

It’s certainly going to be more expensive than if it was done right the first time but this can’t be a big deal in the scope of a full gut.

And while yes, no one has the same pricing (combination of factors), I also continue to check on a regular basis our rankings and how we "present" on total costs per stay vs. our competitors.My gut says there is price creep and we might have a ways to go before the market really corrects.

No guts, no glory. 

I really feel this is helping people find affordable rentals.  

I had been somewhat interested in short term furnished rentals (30 days or more) I looked into Homesuite.com then I called a few operators around me to feel out the competition. 

Feel the fear and do it anyways is one of my motto's also a very great book!