Any tips on balancing renovation costs with tenant expectations when preparing a property for midterm stays?

Cost vs.

I own a duplex in Clermont, FL just outside of Orlando and initially wanted to split water meters between the two units, but the cost and amount of work were higher than expected.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

I think its a scary feeling, like the cost of entry is too high.

If you no longer have business operations in the old state, forming a new LLC in the new state and dissolving the old one may simplify compliance and tax obligations.Some states impose franchise taxes and annual fees that could make one option more cost-effective than the other.

We got started, but they hired an appraiser and charged me $750, while typically appraisal costs around $500.

The stone elevation can be expensive but will really move a house quickly with the added curb appeal.Some things I like to add for not much extra cost..

My model is NOT good for LTR as it's not cost effective. 

That's not the same as paying cash.According to a different post, your credit card debt costs you $600/month.