Ditch the red rug, increase art and add dresser, bedside tables to bedrooms.

Did you use standard offer contract for your jurisdiction? 

You may get one more year from them with a $75 increase but that's about all.

The margins are tight which increases risk.

Though I expect that to increase in the future when more ADUs are constructed.

They've increased the price several times in the last few years. 

Some say it increases bookings, while others mention concerns about damage and additional cleaning costs.

The Highway 64 property presented a great opportunity due to its low acquisition cost and potential for substantial value increase.

@Sakib KhanRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Throw in that you can dramatically increase the value of the property once you show consistent rent rolls much higher than when the space was used for LTR, and you have a big win.