There are few rules to this however but first I will draw your attention to this post, scroll down until you hear @Alexander Felice discuss the topic.

I don't have an actual figure, it just seems like a lot when you scroll through the "solds". 

@Justin GottusoFrom scrolling through a bit, it does seem like the consensus is possible for rent increases through renovations.

I use ripropinfo.com (which is free) to look up owners and other information for properties.To use it just scroll down to the row for the city/town and then click the Assessor link, then look up the property by address on the tax assessor’s site.Once you get comfortable with doing that, you can take the name(s) you find on the assessor site and use it in the Land Evidence site (i.e., land records) for the town to look up mortgages, violations, etc. for the property.There may be paid apps that will also do it (people mention DealMachine a lot) but that website (ripropinfo) and the tax assessors pages work fine on a phone so unless you’re going to dedicate a lot of time “driving for dollars”, I’d start out with something simpler and free rather than going for a monthly fee service like DealMachine.

As a designer, I would suggest scrolling through Pinterest and saving things you like to a board for the house.

Redfin, Zillow, Realtor.com - the filters will allow you to find properties that are available in the market that meet your criteria (beds/baths/square footage & age), if you scroll to the bottom you will typically see sold comparable properties. 

I drive around neighborhoods and scroll through google satellite views a lot.

Scrolling through my podcasts I stumbled across bigger pockets and thought that this might be my opportunity to gain some knowledge about the industry. 

I have been reading books and scrolling through the forums daily.

They do, and Auction.Com even talks about it on their FAQ: https://www.auction.com/lp/learn-more/bank-owned/bidding/    (then scroll down to "counter bidding") I notice they say not all states require disclosing counter bids.