If you have a more extensive full gut rehab you need drawings depicting the work to be performed and material specifications.

That could boost cash-flow and make this a fantastic deal. 

Quote from @Michael Lynch: People rarely talk about the amount of effort involved in operating a STR.Never sell a property unless you have a clear plan to reinvest the money into something that will perform better or move you closer to your goals.

Curious how that’s been performing?

San Diego has historically out performed virtually all other markets.

A full bathroom addition can potentially boost value by up to 20%, while a half bath might add around 10.5%.

Additionally, they may include a carried interest or promote structure on the back end, which serves as an incentive or commission if they exceed performance expectations.Limited partners (LPs), on the other hand, simply invest capital and remain on the sidelines.

In this case, we got to keep a great resident, give her zero rent increase, and also improve the financial performance of the property.

A 30-35% ROI over 4 months sounds appealing, but it's important to make sure it's realistic and sustainable based on the rental’s performance.

Memphis properties are my best (cash-flow) performing properties.