Modern appliances can pull a LOT of juice and now that you have more coming in the panel you don't want to have other electrical gremlins popping up.

You might have 10 years to recoup the overall investment simply as a STR but might net quite  a bit more in the long run in equity.Alone it might not be worth the squeeze to get that juice, but adding in the equity, you could come out far ahead.Also, If you added slightly more space, could you add the master and another bedroom/bath?

Juice is not worth the squeeze.

Is the juice worth the squeeze?

Get some creative juices flowing and find a niche that you think people will connect with and lean into that theme

Being a LL is not for everyone and thats ok....if the juice aint worth the squeeze to you, then sell them and move on to something that isFor the "my Vangard is making 30% a year" comment.... you realize that isnt normal and wont last forever, right?

Sale-Leasebacks have inherent challenges because the tenant/seller is incentivized to market the property in such a way they get they price they want, but if the entity who signs the lease is weak and there's no personal guarantor, they could stop paying rent the day after you close leaving you high and dry with very little legal remedy.I don't know your market, but in my eyes, any 10% cap offering is either an extremely weak tenant OR a tenant that has very little term remaining with no plans to renew.If I were, you I would very seriously consider how much I like the real estate and what my odds would be of refilling the real estate with the same or better rent and/or a better credit tenant once this tenant goes belly up.

I have an understanding of my numbers, capital needs, etc. but would love to see a few example presentations or PDFs that folks have put together to get my juices flowing. 

Quote from @Kenneth Bell: I have the chance to develop a 35 door BTR project that happens to be in an opportunity zone.

A 12% return on an all cash investment seems good, especially if I can “juice” the return by borrowing 50% of that at 6%.