Give yourself some breathing room, and find a local expert.If you really, really want to know for this deal- call an electrician and ask for a ballpark on rewiring a 1930's , 2000 ft house.

But I had some room to work with.

The roof caved in on a mud room, home owners insurance covered the exterior and the renters insurance covered damage to items on the interior.Hope that helps,Chris Pre

Does anyone know of some good wholesale companies that I could get connected with that deals in properties in the Grand Rapids area? 

If you have a short term rental, but you're not providing substantial services like a hotel would (room service, daily cleaning, ect)It should still be reported on schedule C not E.

Some rooms are worse than others.

In my area all the local judges know the apartments association lease when it comes across their bench so it really helps for me in court room situations .

Renting out one room to my cousin and the other to a friend and their rent covers the majority of the property expenses.

Certainly there is room for error on any market pricing tool, but several questions for me remain:1) How can I get a better understanding of the real value of these turnkey properties to make sure I am not paying too much? 

We never hired a management company, as it was not cost effective with rent we have been charging and it is only one house.Another question: If I do wait til Fall 2019 to sell, should I rip the carpet (up the stairs, living room hallways, bonus and bedrooms—2600sf house) and leave floors bare, (it’s light colored, horrible carpet) to allow buyers to add their own?