The additional income from STR could justify the renovation costs, but it requires active management and market awareness.LTR or Break-Even Strategy: Renting long-term might simplify things, but if it only breaks even, you’re right to consider if appreciation is enough motivation to hold.DIY Basement: DIYing the basement could increase STR appeal without the full $50K outlay, especially if extra space attracts more bookings.

--Local active investor.  

Sometimes I question whether there is some real estate investor challenge I am unaware of where investors actively try to one up one another with new ways to toss their money down the drain. 

Originally posted by @Emily Menker:Hey Paul, It’s been awhile since there was any activity on this post.

Also some types of fish are very active and splash significantly.

We want our properties to help offset other active income we generate and eventually create passive income. 

In return, our partners are highly engaged and bring us their best ideas and deals.In our first year of business, Mindful Real Estate Partners has two GUC exits, another two under contract, and 15 active deals.

You also have to be very active on the BP forms to get the most out of the leads along with having an online presence.

Focus on creating active income and use LTRs to shelter your money. 

I would get clear on not only roles, but expectations.