Is it a full depth basement? 

Ultimately, the choice between vinyl plank flooring and wall paneling will depend on your personal preferences and the overall look you are trying to achieve.I really appreciate the in-depth response/opinion!

I 100% understand that state, county within state, building type, age, depth of coverage, etc., etc., etc. is going to make every property unique, but it would be great to come up with a rough rule of thumb that will allow a conservative estimate.

Here's a list of FAQs to dive more in depth: https://www.biggerpockets.com/forums/51/topics/1113749-cost-...

In your experience as someone who understands real estate analysis at much greater depth than I do, what are the main factors to look into?

Can you explain in depth this process and how to go about it?

Don't bother running the in depth numbers because it just isn't going to cash flow positive.  

Hi Nathan, thank you for the in-depth advice.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

Success in the real estate industry requires a strong team.To comprehend the characteristics of your target location, go out in-depth market research.