PS: Don't assume a deep clean is going to get the smell of smoke out of a house.

Just focusing on the passive income you want to achieve will leave you chasing cash flow which will have you buying properties in worse areas with harder tenancies that seem to cash flow better, but will have large cap ex.Any time someone asks a question about where to invest and it can be anywhere, they aren't ready to invest and are opening themselves up to every pitch in the world on an area.

Welcome to the community and be ready for a huge amount of information at your finger tips.

while I totally understand the frustration especially purchasing what was supposed to be a new and ready to go asset, but these things are pretty common so don't feel to discouraged. 

* What is your average make ready cost for the owner?

When I'm figuring out how to price an Airbnb I always cross-reference AirDNA or PriceLabs to get an estimate on what the income would be.

If closing gets pushed, adjust the lease start date accordingly. 

You will then naturally refine your approach as you get feedback from results.

(Zero)  Would love to chat and compare notes to see how we could get better outcomes. 

I'm a single father, been raising my two daughters since they were born, and am ready to start building my wealth through real-estate.