I will be living in the guest house, while renting out the main.Both units are without washer and dryer units, my question is, do I supply them in the main house; or let potential tenants figure that one out?

Take your time, be wise, and time will reward you. agree 100%. you have people here on BP who have been in real estate for 20+ years and always talk about the risk and how hard it is - and then you have people who will tell you that after a weekend of a month you can make six figures in real estate. 

A good place to start figuring out profit/cash flow is to search the forums for the 4 Square Analysis. 

There are many REI strategies, figure out the one that matches your funds, personal involvement, etc. 

I've purchased Joe McCall's coaching and used his Lease Option Strategies and made multiple 5 figures through his teachings alone.sorry you had a bad experience @Ryan Phu, but my guess is that it would've been much better if you got a deal from it correct?  

You could see insurance policies in the six figures. 

I figured this would be a solid way of getting started. 

with the information provided can someone please give me our cost basis so I can figure total capital gains?

@Levi Ballard - you figured it out, I'm busted!  

However, if there is not an emergency or immediate need, then we will do our research on quotes or take our time figuring out how we would do it ourselves and make the time to do it.