But unless you see some value add items you can do to increase your cash flow, seems not enough juice for the squeeze to me. 

Thanks @Braden Smith...ahhh, yes, but after first wearing myself out doing exactly that for about 5 years, I've now burned through multiple assistants doing things like going to the courthouse for probate, squeezing all the juice out of the mls and public records, etc. 

@David Hedges if you are trying to juice your returns then you must learn to self manage remotely imo like most of the STR owner’s do on this site, myself included.

The old landlords I bought from and my apt building buyers were simply anti-agent and like to work belly to belly.    

Juice has to be worth the squeeze.

@Christopher Bell - I am kinda with  @Hai Loc, only because I am not sure there is a direct correlation with the amount you can raise the rent. 

Given that you're local to Charleston, have you seen many investors make these conversions or is it less popular because there isn't enough juice for the squeeze?

., 26-foot ceilings, a four-lane bowling alley, a spa level, a movie theater, a 200-cap “philanthropy wing” for charity galas (with floating pods overlooking Los Angeles), a 10,000-square-foot sky deck with a putting green, FIVE swimming pools, a juice bar, a cigar lounge, a custom tequila bar, a hair salon, and a gallery with custom-curated artworks by Creative Art Partners.

I wanted to make this post to help get my real estate juices flowing again!

You can juice that a little further with moderate margin, but don't go crazy.