Whole new kitchen layout with new cabinets and put luxury vinyl flooring throughout the whole house.What was the outcome?

Your contract should lay out the items they agree to indemnify you for.Obligatory I am not a lawyer.

Most of the numbers I've gotten are from reading books or internet research.I've set my criteria to 3 BR 1+ bath SFR's that I can purchase with >$200 cash flow and 12% ROI.The property in the photos was listed at ~187K.

And not one that’s recommended by every dick and harry on the Internet.

I have seen them go vacant and if they sit for awhile unless location is really strong and a tenant or developer wants to scrape the site and parcel size and layout with access is good.

Then you want to figure out all the typical short term rental expenses (furnishings, cable, internet, utilities, possibly management) and factor in your mortgage and heloc payment.This should give you a good idea of your yearly and monthly profit

I don't know where you found that image and this may be shocking ....But that random information you found on the internet is wrong. 

I WISH Bigger Pockets existed (I really wish the internet existed :) ) when I got started.

I was a little nervous because I didn't know what to expect as far as bookings since there was not one other 4 BR home being rented in the market (that I could find).We luckily realized that the floor plan/layout of the house would allow us to configure it into 2 lock-off 2 BR/1 BA apartments as well as one complete 4 BR/2 BA house so we felt better about being able to compete with the other STRs in the market.To our surprise (and delight) it turns our the house has been rented most often as the 4 BR/2 BA configuration over the smaller apartments.

She browses the isles and takes note of the layouts that they have on display.