Those a little more adventurous might try an “enhanced” buy and hold whereas they take advantage of the following1.

It comes from buying distressed assets and fixing them or re-arranging the property to make it perform again. 

Although no major renovations were required, Partner Driven enhanced the home’s appeal through strategic improvements and marketing.

Depending on the property's location, it could perform very well as a co-living asset (3x of a traditional rental).

Curious what you're basing your numbers off of- I'm guessing the 2023 numbers are going to be a far more accurate prediction of future performance.  

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

These top performing homes have an annual occupancy running a bit higher at 62% and ADR is higher for those, about 10 homes, at $580. 

Pay for performance.  1st one is always at full price, if you want to discount a bit on future deals is your decision depending perhaps on the volume and the amount of work required. 

I bought a non performing note, the borrower sold the property sub-2 where the new buyer reinstated the loan but because of the transfer I am calling the due on sale clause.

That 1990-2000s home might be reaching the last leg of all it's cap ex items.Lastly, in HCOL cities, house hacking may give you the opportunity to live in an area to enhance your quality of life.