I just say" (I have done over 500 in my market this way) Hey Christie, I need insurance its vacant and we are doing a reno.

FF really only does well with medical professionals on travel contracts - so if your property is affordable and near a hospital it would do well, otherwise usually crickets - at least here in FL. 

will 3b has a steady market?

The gurus selling the mentorship programs are NOT in the investing business, they’re in the sales/marketing business                   

I am leaving out cost to build and sale price because I am strictly looking for any actual data or reference on the component itself which should give me a base line and hold true in most markets. 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Madison has a fantastic LTR and MTR market.

NOTE 2: if we choose NOT to upgrade the rooms, the units can't be in the hotel's pool of units to be rented out to guests.NOTE 3: right now, I'm losing about $1,500/moMy gut tells me to just get rid of this unit at a loss but I have a few questions I'm hoping someone can help me with (so far, I've asked some RE professionals I know but they don't have any idea).1) If I was to pay the ~160k for room renovations, does this mean the room increases value by at least that same amount? 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Investing out-of-state is tough and finding a strong PM in these cheaper markets is equally difficult.