As far as the neighborhoods and areas, yes the schools have a lot to do with that,A - gated community or a high end downtown area B - your standard neighborhood with a park.

@Seo Hui Han, in a high interest/low cap rate environment debt kills commercial deals. 

Should I just post it at the high end estimate and adjust it down?

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

My recommendation if you choose to invest out of state is to choose cities in safe and economically diversified areas with above-average income and population growth.

I highly recommend you call an eviction attorney before doing anything else!

There are so many variables to "what it costs" that even if I gave you a number, it could be high or low depending on the actual properties.

Alot of factors to consider in terms of rates but Id say par for the course in the conventional space high 6's

Quartz makes sense for a high end unit/ fancy neighborhood where you can and will attract tenants willing to pay more for them.Repainting is often a no brainer, but could be based on the current conditions as to whether or it is needed.I agree with Melanie on researching the washer/dryer comps. 

Again, if you are financing the rehab costs then this question becomes highly critical.There is good money to be made in expensive neighborhoods and also in low-cost neighborhoods.