I found some legal language I implemented into our month to month lease agreement which basically stated, any guest staying longer than 2 weeks in any 6 month period will be considered a tenant and subject to a $50.00 per week "guest fee."

Are you going to have to re-do all the electric inside  The house is old, but not in a historic district, so it is not subject to any additional regulations.The electric will need further evaluation.  

I’ll be picking up a few books on the subject but I would like to get something above and beyond that as well.

well lease options are good in down markets kind of tough in hot markets. so this lack of success does not surprise me but i cant comment on how you he dealt with you on a one on one.. it seems once a year there is a post like this.so i have to assume he has a fair number of students throughout the year that are happy and for sure you cant please everyone in the real estate training business that is for sure.

Unless your market is red hot, you can't expect to get top dollar and close the deal that fast.Do you have any other comps?

Here's a link to up and coming events near the Long Beach area:https://www.biggerpockets.com/forums/521-events-an...There's a few different formats and subjects -- I'd go with the one that you find most interesting.  

@Karthik Ramachandran as someone mentioned , the site Marcus and Milchap has information on what cities are hot for multifamily based on several parameters.

Value though is a subjective measurement.

It seems like the rental market is HOT overall, listing properties on MLS for lease is getting crazy, tons of showings and tons of crazy offers.

I think I should also note, the main house is in my name only and would not be subject to capital gains tax.