Some of my STR tenants even arrive with their own Xbox or Playstation and a small HDTV. 

Upon my arriveal, I immediately, noticed the 100 or so people; which was a good thing.

You've arrived at the best place to get answer, find information and meet amaizing investors!

Going back and forth about price and finally arrived at 250k but had to turn down the verbal lease agreement he made.

There has to be a value for the property, how does one go about arriving at it?

I do hire independent for my home, but we are fine if she reschedules until next week - not an option when a guest is arriving in two hours.

There are several questions that need to be answered in order to arrive at the ideal management structure, such as:1.

@Kelly ConradBefore you evening arrive at building/fire code requirements (access, egress, ceiling height / fire separation, etc), your first requirement is zoning:  does zoning allow for the additional unit and does the property meet the zoning requirements (size, available parking, green space, etc) to allow an additional unit.

This being a 2-4 unit property, you can arrive at what the "appraised" value would be by comparing it with the most recent sold comps in that area.You could try checking to see if the units are rented below market value to see if there is some way for you to increase the rent down the road.

So if you start your analysis from the point of focusing on those two questions I think you'll arrive at the best conclusion for you.1.