Besides what you've mentioned, here are a few additional common expenses to consider:Landscaping (especially if there’s grass or common outdoor areas)Pest control (sometimes needed for multi-family properties)Legal/accounting fees (for lease updates, tax filing, etc.)Vacancy reserves (for covering costs during turnover)I can assist in helping you find funding, LMK! 

Quote from @April Birdsong: Update:  My floor guy came over and found original hardwoods under the carpet in the bedrooms.

First, be sure you have registered ALL your Corporations and LLCs by December 31,2024Failure to file is a $500/day/entity fine!

I’m trying to get a better understanding of the unlevered IRR hurdles SFR / BTR investors have for value-add improvements.By "value-add improvements" I’m referring to upgrades made to a property that increase rent or purchase value, often including kitchen remodels, bathroom updates, solar and other energy efficiency improvements, fresh paint, a new garage door, finishing a basement, adding a deck, and updating flooring, to name a few.I’ve been hearing a lot of different reactions to this question the last few months.

When we make little slip ups, as we might easily do, a lawyer might use those to “pierce the corporate veil” and go after us personally anyway.  

I'll update with how things go.

If managing the STR is no longer sustainable @Robbie Shiver, here are a few alternative options to explore:Mid-Term Rentals: Consider marketing to travel nurses or corporate relocations for stays of 1-6 months.

Unless you come from a corporate job that is involved in this field, it is not a place I recommend to start.

And I always offer to fix or update things for them as soon as I buy them.

Note that I mostly rent B2B (directly to insurance relocation companies and other corporations) but I include the cost of the waiver each month in the rent that I charge.