@Mindy Jensen not to sound like a broken record but thanks for steering myself and fellow colleagues to this article.  

I've upgraded my membership here and used the rental analysis tool. 

@Ryan Swanson you don't provide enough information to give you a meaningfull answer, but my concerns is that you are having fun playing with layouts and will see a negative return on investment.I assume this is a filp - first rule is: don't fix it if it's not broken.

The home was last upgraded in the late 1990s/early 2000s, so I suspect building code has changed between now and then.

I own my current residence (single family) with no mortgage worth $160k prior to kitchen upgrade.

For the vacation rentals, I usually put in higher quality upgrades, wood floors, tile bathrooms, crown molding, treated ceilings and quality blinds. 

I can gut and upgrade to just get a higher price and pay for the RE Agents commission to sell it for me?

@Neil Aggarwal, I'm looking in Greyson County because about 5 months ago, when I started really looking for properties, I saw a report of rental markets broken up by county.  

While it may not sound like a big deal at this point say you find a big item like broken beam in the attic.

However, the house was build in 1974, which leaves me to believe there is going to be a lot to replace/upgrade within the house.