check Craigslist too for similar to benchmark values.  

More and more people are discovering that they can stay in a vacation home with a private heated pool/spa, game room, themed bedrooms, full modern kitchens, movie theaters, etc. for a cost often a good bit less than staying in a hotel especially when you take into account the cost of food, laundry, parking, etc.Regarding your statement about tourists staying in Davenport are more apt to be focused on golf and less on Disney than in Kissimmee - I don't think so.  

It is a blessing to have this opportunity to be in the position that I am in and I am excited to meet new people and learn how to do business with you all to slowly, but surely, make Tampa a beautifully modern city with safe homes. 

But, a benchmark is still vital to have when budgeting NOI for a property. 

Thinking this would be a near worse case scenarioRehab PlanThinking I could possibly do interior upgrades, modernize the office into something appealing, (could be as simple as removing the paneling and exposing the brick, redividing the offices, updating the baths etc) and then rent out individual office spaces and charge $400-600 a mo for each office space - They'd be gross leases and I'd take care of all utilities, janitorial etc -- would not provide any onsight receptionist, fax machines etc -- each person would provide their own office equip -- I could potentially provide office furniture if needed, plenty of good used stuff to be found locallyThinking at a min 7-8 office suites, possibly more -- Per agent and my knowledge of community/research online I dont think a setup exists like this to attract possibly an IT person, a 1 man/woman business such as an accountant etc.  

The  bathroom was very small and most of todays modern fixtures were TOO BIG!  

Obviously, the construction cost will depend on the space I want to build and how modern I want it to be. 

Properties with modern finishes are 210-225k.  

I'm a novice but a lot of what I'm reading shows 70% as the benchmark.

The area will be the primary deciding factor - you can renovate and modernize a building, but if you are in a bad area, you won't attract B tenants.