@Richard Lee You may be interested in looking into Carnegie Mellon and what it is doing in the local community as well as renting to large base of grad students and/or high income workers.

I need something more than scout's honor when dealing with something this large.

I managed the rentals myself up until early this year when I hired a property management firm in order to get some free time back, have some backup so I can go on vacations again,  and in response to the hostile political environment towards landlords in seattle.My long term plan with REI is to get to a large enough door count such that with sufficient equity the net cash flow is enough to live on comfortably  (which I would define as matching my current gross software engineer's salary).    

@John Thedford depends on the PPM you use  @Michael Bishop  same thing you can pay for a PPM that allows non accreds.. they are just much more expensive and usually are used for very large raises.

Once you have over 100k you could do some real estate syndication and go into a large scale deal with someone.

I also do not have the cash to do large flips - though I have equity.

The upstairs bedroom appears to be more of a loft and a large downstairs room which could be a family room, large bedroom or workshop.What I would like to do is convert the bedroom to a more traditional bedrooms with doors and closets, possibly turning the the large downstairs bedroom into 2 bedrooms and adding a bathroom maybe in the loft bedroom area.What would these improvements cost?

The ideal table saw setup is a large open area with a big table and space for infeed and outfeed rollers.Now, if you're building cabinets, furniture or doing fancy(ish) woodworking projects, a table saw is a good tool. 

It’s very possible but eventually you likely need to get into commercial (which is a whole new animal) so you can achieve scale.

I don't think the magnitude will be the same, but to a large degree it's perception that counts.