I suspect the cost to build the road may not sufficiently exceed the cost to sell when including holding costs.  

Maybe I am too old, or experienced, or both to understand that.If you're a starting investor with limited means and trying to grow really amplify the quality the button and dial down the quantity game.

Will I need to file a Georgia and Kentucky state income tax return for the properties in Kentucky and Georgia those respective states or will my federal and Michigan return be sufficient?

If you have sufficient ceiling height, a good option is to install a resilient channel system and 2 layers of 5/8 type X sheetrock.

if not consider joining a brokerage that has sufficient training for you.

.: sufficient equity to cover a min $15K budget and ample up-side potential to deliver a sufficient positive ROI.

I'll be spending every cent I have on me and my SO - Happy to help out the kids while I'm alive, but they need to learn to be self sufficient, independent and productive members of the planet.

Would this be a sufficient size to add another 1bed/1bath apartment to?

Becoming self sufficient slowly, and conservatively is not sexy but it does work.

They argue that their renovation is top notch, so the price is justified, which may or may not be true, but but generally the high quality of the renovation does not pay sufficient dividends in the form of increased rent, so the price to rent ratio just isn't there.They typically advertise a 9% to 13% cash on cash return, but be careful, this is their "first year projection" and in their first year they do some things that I find a it deceptive, such as not accounting for vacancy because they place a tenant prior to closing, and they budget essentially nothing for repairs or cap ex since it is renovated and they offer a warranty.