The tenants “teach” us over time by their behavior, which kind of restrictions should be added.For example... not only no smoking, but no BBQ grills on porch or deck or within 10 feet of any structure, no swimming pools or wading pools of any kind, no car maintenance on the property including oil changes, no vehicles of any kind may be on property with current license plate, if you allow pets... no vicious breeds, no trampolines, no fire pits, no use of indoor fireplaces, no candles; the list goes on and on.Bob CollettCollett Property Management

Purchase price: $85,000 Cash invested: $100,000 This victorian style home located in a prime area of Kansas City needed complete remodeling.

A 10,000 sf house is typically going to cost less per square foot than a 1000 sf house, just because there is a lot more empty space, which is cheaper to build than space that contains things like kitchens and bathrooms.What style of house?  

Most of my properties are 3/2 ranch style homes.

You might want to look into CPRs (island-style form of subdivision with easements).

Pulling comps for STRs in the same vicinity has proven somewhat difficult as there are only a handful and they are either lake front or tiny home style vacation rentals.

They also recommended Mereno which I use in my kitchens.Sometimes I choose a custom color for the bathroom because I get bored; it's tough to stick with one set color for a bathroom, IMO, unless all your properties have the same style of bathroom. 

Examples:-early slab construction-earlier-style cloth-wrapped electrical wiring without grounds-Often some questionable sheathing practices-Plumbing materials in transition (still mostly cast iron drains but changes to supply piping)-Lower-grade trim used inside and out.No knob and tube but plan for a complete electrical rewire anyway.

Love the hustle/style! 

Lots of shotgun style 1 bedrooms tend to be this way.Area of town, is it walkable?