We've done a successful SF gut rehab venture, which is now up as a STR.

If you are not gutting the walls, find an electrician that has done old home rewires and all electricians are not equal in this regards. 

You'll have to determine how our prices compare but as one data point we do a complete gut/redo of a 7x5 bathroom for $12,500 and a complete kitchen for $24k.

I also did a full gut rehab.

The entire first floor had been gutted due to water damage, and they were doing everything they could to keep it covered!

. - unless the property is a complete gut job we pay for a home inspection during our due diligence- we only hire GC’s.  

We did an inspection so we already know the house has to be gutted.

Property likely was gutted in the early 90s, so that's less of a risk but still a factor.  

I intend to set up a Revocable Trust with specific instructions on how my real estate is to continue being held because I know everyone’s first instinct will be to sell it and take the money.My plan is for the real estate to keep operating as it does now and putting management in place so it continues to generate passive income for everyone for a long time.

My gut is he is going to raise his prices for the next one to take a bit more of the pie.