While I do not have an official W-2 currently, I do have a steady income, great credit, and have money saved as well from working since I was 13 years old.I relate to Ian Kay in his journey but also am very determined to make my goals/dreams a reality this year by July 2025.

I’m having trouble determining the correct monthly rental rate for my property.

You cannot use comps to determine basis.

I am currently simply educating myself on such options. 

If I were new I would simply stick to areas close to where I live.

People always say there's no value but that's not for you to determine.

You may want to pay an appraiser to determine the value at the time of inheritence.

But, yes, it sounds like simply looking at your numbers and determining whether or not you can absorb a salary is the time to consider it. 

Lots of investors simply want to go "bold" on all of their projects by using sharp color contrasts, busy tiles that catch your attention, and modern lighting that looks like it belongs in a hotel.

I would get together with your realtor, have them tour your property and then run comps to see what the value add would be, then simply pencil it out to determine the return.