Sounds like prices vary based on each situation but I'm looking at $15k.  

I would also note that you should assess your savings, income stability, and ability to manage expenses as that plays a factor.

That kind of integrity is what brings sellers and buyers back to you, time and again.The Smart Play: ReferralsSending a seller elsewhere might feel like you're giving up a piece of the pie, but it's actually a smart business move.

Demand for short-term rentals is based on emotions, the allure of this view or that amenity or this undefined "feel" or "design" of a place.I'd love a pamphlet that says simply, "Hot tubs increase gross annual revenue by $22,000."

@Yang Zeng Welcome to the Bigger Pockets.As you can see in my profile, my business and hub is in San Diego, not far from you, but all our investments for myself and my clients are in well performing markets in the Midwest.We specially in this out-of-state- approach that really requires more than just the properties.I agree that you should keep a reserve and not spend all your funds but I could help you with 6 properties that would pay you about $5K/ month in cash flow or $60K/year based on your available funds while having about $100K reserve.I like to help you see the performance difference between our area in CA and the Midwest.

FYI we've changed our approach entirely and have lower fee initial entry points to avoid the challenges of long term project based arrangements so we can catch issues much sooner.

Echoing what @Rick Albert said, see what your market has, based on what you want to charge for future rents.  

And based off of the price and interest rate we have, I don't really want to let if go.Any input is appreciated.Best Regards

Hi Guys, I live at the Jersey shore and love playing beach volleyball in the summer.

Since you'll need to undo the recent renovations and don't want the furnishings, it makes sense to base your offer on the home's previous value.