Basis is generally calculated by factoring in the costs of acquisition plus any costs of improvement.You can frequently carve out the value of the appliances and other Equipment that either comes with or is added to the building and whether or not to do so really depends on your overall financial situation. 

I see properties under 40k in some areas in Chattanooga frequently and I never buy them but other investors I know love these deals.  

Unfortunately, this happens frequently in this business. 

I'd rather take my money to Las Vegas, and I've never spent a penny in a casino. 

I am new and frequently meet investors of all backgrounds, but many new that want to break ground on their first deal, yet some spend more time going over their 5, 10, or 20 year plans – which I think is necessary and essential to your long term goal, but it all starts with one!

As a frequent buyer of wholesale properties, I can say with confidence, you will not have the knowledge to provide viable solutions for your sellers and quality investments for your buyers. 

If they sign the lease under a business name, then they have met the 30/90/180/360 day rule because there is 1 tenant for the duration, but they explain the frequent comings and goings similarly to how corporations will have a place for their executives to stay in different places for conventions and so forth. 

The lower deductible entails a higher monthly amount and would make sense for a more frequent service call type of house.The main thinking/reasoning for this choice was that we should be doing things more valuable with our time than handling service calls. 

People are more mobile today and change jobs and locations frequently.

With rooms you have the added expense of utilities, as you said, but also the added management of conflict resolution, utility control (lock box on the thermostat and making frequent visits to inspect), common area cleaning, theft of food, more traffic, etc.After doing the math, a good tenant is more stable and cost effective than renting rooms.