You measure the area of the counters and the edges and go to Home Depot and talk to the people for a rough estimate.

Most of them won't take time to measure the property and count what needs to be done until after they win the bid. 

As for the returns, I believe based on the areas we buy in and the safety of my investment opportunities, a 6% + return is solid.

.#2 CODES: Make sure you know if anything needs to be brought up to code. water meters, electrical, safety, egress, sprinkler systems. ex.

This is obviously a great concern for my tenants safety.  

Without knowing your repair cost, you really have no measure of your investment required.

I learned next to nothing about real estate through my coursework, except outdated ways to measure properties and a boatload of information I will literally never use again.

You will need to explain the details of the deal to all lenders involved so that the appropriate measures are in place.  

Portland passed a similar measure in early 2015, and as of August of this year, less than a quarter of hosts have complied.

We understand that this an older home but we want to feel comfortable with the electrical situation from a typical convenience situation as well as from a safety perspective.As you can see in the attached spreadsheet (by circuit and by room), circuit 6 and 5 are overloaded.