@Isadore Nelsonhappy to help - some of the expenses you're missing would be property management, capex, repairs, and vacancy / turnover.so for example - $1000 in rent - you might have $100-150 in property management, $50-100 in repairs, $50-150 in vacancy and placement costs, and capex would be whatever is coming due soon. a furnace, a dishwasher, whatever.it also generally costs half a month to a full month's rent to place a tenant. 

If they are solid, they pick up after themselves in common areas, keep the dishwasher running, and treat it like a home, making it *much* easier for me to keep it clean and ready for STR guests. 1-2 a month as needed I sweep/mop/catch up however needed, clean bathroom, etc.

The most common issue is a leak under the sink or dishwasher.   

We are sandwiched between well known hot spots and its an ideal location for someone who wants to explore the beach life or any of the down-town areas nearby (Los Angeles, Long Beach, Redondo, Manhattan, Southbay Etc), new build with modern amenities, washer/dryer in unit, full sized fridge, dishwasher, professional range cooktop, queen bedroom, full standing shower, large kitchen, full sized couch in the living room, private front patio. 

Add a dishwasher or microwave hood.

If a house does have some rotten wood ( siding and trim around the windows and or doors , missing an appliance or two ( say there's no stove or dishwasher ) ......

You can make minor adjustments based on the type of appliances (dishwasher, clothes washer and dryer, air conditioning, etc.) and the size of the rental.

But I take out the dish washers, the washer and dryer, all ceiling fans (switch to dome lights) and garbage disposals.

Complete remodel including new flooring and paint throughoutupdated the bathroomremodeled the kitchen- added a dishwasher and gave more dining room space (did not remove a wall just remodel the kitchen so that the refrigerator could fit in it) added more cabinet spacenew light fixtures throughoutadded curb appeal What was the outcome?

All stainless, dishwasher safe...what more could you want!