I don’t have drip pans but I should specify that about the oven, and microwave since I got it new.

If they are renting by the month vs the night, my guess is they would want an area to cook including a fridge, range, microwave. 

If you want real help, you'd be well served by finding your own accountant to guide you with tax planning.That said, some general pointers that also may or may not be applicable to you:You usually want to separate rentals from flips, both for tax reasons and legal liability reasonsKeeping each rental property in a separate LLC is debatable; it does not usually change your taxes and is intended for legal protection which is for attorneys, and I'm not one of themDitto for trustsKeeping each flip in a separate LLC is usually counter-productive but is also case-by-caseCreating a holding company to own other LLCs may be a bad idea from legal protection angle, but it is also for attorneys and not for meCreating a management company can unify and simplify your operational procedures, depending on how you run your businessA management company can also bring certain tax benefits such as generating active income and room for retirement plans and other benefits, however you may already have this option via your existing LLC(s) involved in flippingAs you can see, there's no quick microwave recipe here. 

Both upstairs and downstairs bedrooms and living room have great views.It's occurred to me that by adding a door to the interior stairs (the units would share a very small interior entryway before entering their specific unit) that I could make this into two separate STR units when preferred: a studio downstairs (I'd add a mini-fridge and a microwave perhaps) and a proper one-bedroom with full kitchen upstairs.

@Paul Sandhu haha, I should clarify the room has a full bath attached, will include a mini-fridge with microwave, and have a separate entrance. 

It is on the higher end and am looking for a stainless steel kitchen appliance set (French door fridge, dishwasher, range, over the range microwave) and having trouble finding a complete set that is available or will be soon.

The problem with Knob and Tube wiring I've run into in many homes is there was no electric ground wire and this can be a serious problem.The second problem is I will bet there is nowhere near enough wall receptacles in the living room or bedroom for the number of devices people use today.The third problem is there is most-likely not enough circuits in the kitchen since people have more things today than when the wiring was installed e.g. microwaves, garbage disposers and more light fixtures in the ceilings.I live in a building built in 1904 with Knob and Tube and not one wall receptacle is grounded and everyone gets shocked when we touch anything metal e.g. the metal case on our desktop computers.One last problem is; it is sometimes much easier to purchase a property that is not up to par, but when you go to sell it the buyer's inspector may find a lot of faults with the wiring and sometimes mortgage lenders want up-to-date wiring and many don't even like aluminum wiring.I would figure no less than $12,000 to $15,000 to re-wire a house and maybe a few thousand dollars more if you need to upgrade the electrical panel to 100 or more amps.

Hello,I have a over the range microwave with exhaust that runs exclusively on a 20 amp circuit breaker.

Black iron lamps and a small kitchen cab set and small fridge and just a microwave is good enough. 

Average base level is $500 for range, $350 for dishwasher, and $250 for microwave/ hood combo HVAC service: $250 to $3,000 Deep cleaning: $250 to $500 Carpet cleaning: $250 to $700 Another method is to see how bad the house is:If it needs a lot of work do the square footage x 35If it needs some work do the square footage x 25If it needs minor work like paint and touch up do the square footage x 15Let me know if you need any help brother!