You now basically have a duplex for sale and that's an investment property.

Set up a basic system to manage your listing, update it monthly, and always ask guests for feedback—and don’t forget to casually ask for that 5-star review!

And basically I’m just realizing I don’t know how to know if these are reasonable prices or not?

Flipping it will take time if you have to sell.Plus a home like that doesn't lend itself to a LTR unless there is a demand for high end rentals.What I would like to see is some examples of what you are looking at along with basic numbers you have run so far.

Start with the basics, don’t be afraid to ask questions, and take it one step at a time.

Basically - I want a PM who keeps the property in good shape and occupied to get paid, and a PM who is either bad at maintaining properties and finding good tenants, or just really unlucky, to not get paid.- PM charges 8% of rent, which escalates to 10% if the property exceeds 95% occupancy with rent collection. - PM charges minimal fees.- PM is contractually obligated to perform annual maintenance/inspection to keep property in top shape. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000. 

You’re able to learn the basics of a real estate investment with lower risk and build equity at the same time.

And when things don't go your way and each side has basically all their life savings on the line, the partners blame each other. 

It's just a biproduct of basic human interaction.

Feel free to reach out to me or send me an email I can walk you through the basics and go over what is required and what to avoid.