Set a clear budget, research properties carefully, and keep growth potential in mind as you plan.Good luck!

We've had several situations where a potential client would tell us what we want to hear.

With the exception of 1 bedroom units, you basically have 2 options:-Oversized/commercial machines (potentially multiple sets)-Off site cleaning with clean spares on siteThe latter is almost always the most efficient and basically what hotels do at scale.

Also, ask your agent for recommendations—they often have relationships with dependable contractors.Look for areas with a mix of affordability and growth potential.

Quote from @Timothy Franklin: @Trevor FinnI would agree with your breakdown, but why overlook a potential to run the 91k subject-to with a targeted 6 month hold for flip or 18 month refinance?

Plus it drives down wages so existing population can’t move up in housing.Add in Airbnb and you drive up housing.Add in tariffs for Canadian lumber 3 years ago and potential future China and Mexico tariffs.  

I then sift through these properties and use my development skills to identify properties that have the potential to be developable for residential purposes.  

It takes time to develop trust and credibility with potential investors, so don't wait until the last minute.

Educate the land owner on the potential profit run the numbers and go over the basic proxy and blue prints.Make sure you have a seasoned and qualified Builder/GC because they can be a deal killer with wasted time and inflated material and extended completion dates.

The renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.