Many of these sites that show rent averages for an area don't have much information on the comps so I would recommend speaking with your realtor to get a more in-depth rental comp analysis.Please, feel free to message me anytime if you have other questions or just want to chat!

If you can keep your repairs to a "bare bottom make ready" (BBMR) scenario and keep the purchase price under $40K (given specific city markets, etc.) or what is below normal fair-average condition homes - use cash, otherwise private lenders. 

Vacancy of 4% is your tenants staying an average 2 years 1 month.

Overall, I averaged 1200-1400 a month just renting out the rooms. 

Knowing this is case by case, on average, would it actually cost $8,950 or should I expect it to cost me a lot more?

This cost averages your investment, smoothing out the market.

I know there are a lot of variables that go into this, but on average, how much have you spent on city recertification/corrections?

@Alliya Pinckney I have found the best place to find networking groups is to download the Meetup app and search for the topic that interest you. 

Real estate investing is a pretty forgiving world and the average person can still make money even with some pretty big mistakes.

After title search, the 4 acre lot and the house (40 yrs old below average condition) both are under a re-financed mortgage the owner took out 10 years ago of $335,000.