The only exception to that rule is for full new construction, other than that, never use an average price per SF for a rehab budget, it will only lead you down the wrong path.Ever heard of garbage in, garbage out?

Quote from @Chase Pike: Furnished Finder is garbage.

Nearly every STR in The Smokies will be furnished, but you’ll likely haul our dozens of garbage bags of grandma decor. 

i provide dishwasher if we are putting a new kitchen. also a garbage disposal.sometimes i provide washers/dryers if i have extra laying around (i always seem to have them).sometimes i have purchased fridges and ovens since it's best to invest in capital expense and get a tenant than to have a house sit empty forever.our lease also states that tenants should purchase the appliance plan, which noone really does purchase. 

Yes, you bought what seems like a good deal on paper, but in reality, you own an old apartment building in a neighborhood with poor security, possibly surrounded by long-vacant shops, streets piled with garbage, and a poorly managed community.

@Luis MazaRegarding wholesalers, probably 99% of those deals are garbage.

Look at us, we have a population that is in poor health with every 2nd person presently or soon diabetic, wide spread poverty, a level of crime and gun violence like no other country on earth, we managed to make education FOR-profit leading to massive student debt and universities being richer than small countries, if you travel a bit you can see that our infrastructure is worse than some of the ******** countries we look down on, our health care system is F'd up beyond believe, our food is one of the unhealthiest in the world, we are consuming ressources at a level that nobody can match, we are addicted to buying cheap crap nobody needs, have a dispose everything mentality, meanwhile our population is less happy than most of our peer countries.We just got back from visiting my family in Europe and after we landed at OHare and sat in a dirty, beat up shutte bus getting us to the parking lot over a cracked concrete road, garbage on the side of the road, power lines hanging everywhere, my US born wife shook her head said: I can't believe how run down and ****** everything is here..The US is a fantastic country and I have chosen to live here for a good reason, but we really need to get our head of our you know what and start thinking about where we want to be a few decades. 

With AI taking over "content creation," I expect we will reach 90-95% garbage ratio pretty soon.Despite all of these answers piled up online, people are still asking each other and "experts" how to find a hot date, what to feed their dog and how to get rich without doing any work.

FtIncome Rent/ Room - $846/month ( Rentometer average) Rental Income - $3,384/month (Rent 4/5 bedrooms) Total monthly income: $3,384/month Expenses (monthly)Property Taxes - $170 (Smart asset) Insurance - (Mortgage + Homeowners) - $151 + $67 = $218 Utilities Electric - $200Water - $50 Sewer - $50 Garbage - $20 Gas - $225 HOA - 0 Lawn Care - $25 Vacancy - $254 - (6% rental income) Repairs - $100 CapEx - $100Property Management - $423 (10% rent) Mortgage - $1,432 ( Principal + Interest) of [$319,000 at 3.5% and 30 year fixed]Total Monthly Expenses: $3,267/monthCashflow Income - $3,384Expenses - $3,267Total Monthly Cashflow: $117Cash on Cash ROI Down Payment - $11,165 (3.5% FHA) Closing Costs - $3,190 (1% for escrow + title company) Repairs - $7,000Total Investment: $21,355Annual CoC ROI$117/ $21,355 = 0.548%

Wrong.Since that information is buried under 10 tons of garbage that is known as the 'home inspection', many inexperienced buyers will gloss over it.