Do folks use LVP in bedrooms too?

If that's not the standard in your area, the potential for the extra rent is attractive.

@Aus Smith if there is base rent and then an extra fee the resident pays for a common utility, we count that as revenue towards a percentage-based management fee. 

Look at the comps in your market, having extra storage is a bonus so as long as it has working electrical I wouldn't spend much time or money on it other than making sure it's clean for showings.

The trifecta is making the owner and property manager happy, compensating for the extra risk, issues, and potential repairs, and encouraging the resident to limit the number of pets and be sure they are not damaging the property. 

I frequently speak with folks who are finding out that:A: They have a partial claimB: The partial claim amount is astronomically higher than expectedC: HUD failed to record their lien (not as common as A and B) and then was forced to pursue the homeowner after a saleSince FHA has been basically pushing everyone they can into a loan mod per "Covid mortgage rescue" plans, these will be an ongoing issue for many years to come.

@Clifford C Toth No, I don't rent them furnished, although in my market you can get an extra $50/BR for doing so.I have a 3rd party do the lawn 2x/month.

The fact of the matter is you mitigate that risk by doing what the folks above already told you....you bring money to the table and you have money in reserves if things go bad. 

I know cities like Baltimore scare a lot of investors but I've seen a lot of activity lately as if folks have finally decided it's time to act.

All sorts of folks.