(In other words, if it's too high, then I can cancel the buy and not have to lose any money)2.

If you have invested in high crime rate area, please share your experience. 

It's also highly subjective based on the lists you're dialing and your sales skills.

I wouldn't rely on AirBNB - at all.The HOA is highly unlikely to rebuild the interior of your condo...have you checked on that?

What's your end goal vision using real estate?

Essentially he rehabs his properties to make them undeniably high quality (not just "good enough" for section 8) in order to generate a huge demand and thus be able to be extremely selective in his tenant screening process. 

Jack your advice is spot on, 100% totally agree, excellent detail, but in the end, NONE of it will get your money back when and if the contractor failsAll the best 

It's all about the daily habits and loving the process more than the end result.

One has been newly built and both are on opposite ends of town which makes it more convenient.

Sometimes, charging LESS rent actually earns you MORE money in the end!