We are able to live in the top floor while we STR the basement during the summer months, and MTR during the offseason.

again this is my perspective I was the largest HML in Jackson market from 03 to 08  and lived there for one year cleaning up all the foreclosures I had from failed landlords in 09  I lived out at Reunion which is great neighborhood but you not allowed to rent homes there..

The property should be clean, functional, and safe.A well-maintained property attracts higher-quality renters that will pay more, stay longer, and take better care of the home.

FlooringWe plan to install luxury vinyl planks (LVP) throughout the home for the flooring.

I had a tenant (not S8) that thought it was OK to let the faucet leak and run across the basement floor.  

Are they handling most of the interior design and finish selection, i.e. picking out the white oak flooring and designing the custom built-ins in the study?

Flooring  LVP throughout 6kish assuming 1200- 1400 sq ft.

When you select the next tenant I would certainly ensure that you have your eyes on the applications that are coming in, and ask that you are involved in the decision making process. 3x income, clean credit and background checks should be a minimum for approval, even if it takes a month or so to find someone. 

Purchase price: $40,000 Cash invested: $16,000 Conveniently out of the flood plains, this welcoming 3-bedroom home is features a huge master bedroom, refinished hardwood floors, spacious living and dining rooms, and a stunning kitchen!

We have put a considerable amount of money into the home to include a completely renovated 2nd floor 2 bedroom unit.