This could function to separate the kitchen area from the living room, but from the other side of the room on the left, instead.You could put an electric or gas fireplace that can be seen from both sides or just from the living room side, and then use it for a pantry for the kitchen with access from the end facing the kitchen, and even have some storage from the dining table side. 

Love, love love and I love that you painted the fireplace white, too. 

It used to be a chimney, but the fireplace was removed many years ago. 

I'd paint the fireplace a whitewash, too.  

But the corner between that door and the fireplace seems like a tucked away corner that you could build out and put a stackable unit.

I’m not super keen on having long-term tenants in a single-family home in California, but I’m open to advice on that.The house is in decent shape but could use new flooring, a paint job, and potentially heating and/or central AC, as well as blocking/taking out the existing fireplaces (don't love the idea of fireplaces in a rental). 

The old buildings have wood floors, fireplaces, big porches, and I like the proximity to downtown.....but 100k up front is pretty steep, and I really think the ARV for residential properties in that areas tops out around $300K. 

You should pick comps based on the numbers (sq footage, beds, baths, #fireplaces, deck, #garage stalls)Stay within +/- 800 sf. and then adjust for $25 per sq ft difference for any above ground sf.  

You'll also need to hire someone to create as-built drawings for your house (so you can show square footage, locations of smoke alarms, fireplaces, how many beds, etc. and same for your property to show setbacks, easements, parking, locations of trash cans, etc., which you will need to submit to the county with your application.

They instead focus on fully gutting their projects and install entirely new kitchens, bathrooms, fireplaces, accent walls, etc. and any exterior or mechanical upgrades necessary.While I understand this whole hog strategy, part of me says this will end up increasing the value of a home so far beyond other homes in the surrounding area that it wouldn't sell for what it's likely worth.