Additionally, the study must be completed by “qualified individuals” and “professional firms” that are competent in construction, design, auditing and estimation procedures for building construction.So while a specific methodology isn’t required by the IRS, taxpayers must ensure that their depreciation deductions and classifications of property are substantiated with supporting evidence.

Adding and making better could sell or rent faster, but it won't get you more than what the market ARV and rent is set at from other similar comps in the area....and your Interior Design background will help, if you you it mostly as an understanding of cost. 

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

After designing over 100 flips in twelve states, here are the key areas in which we've found the best ROI on flips:1.

For projects with 150 or fewer units, the city has 60 days for eligibility review and 90 days for final approval, including design review.

In Illinois, my preference is to use land trusts with a separate LLC designated as the beneficiary.

Creative Freedom: You get to design and transform spaces, which can be personally fulfilling.The Bad: Where Flippers Lose Money⚠️ Underestimating Repair Costs: Surprise structural issues, contractor delays, and material price spikes can kill your budget.⚠️ Market Changes: A hot market today might cool down before you sell, which reduces the profit.⚠️ Financing Challenges: Hard money loans carry high interest rates that nibble into the bottom line.Unrealistic timelines: If you think you're going to be in and out in 60 days, you're sadly mistaken-most flips take longer than expected.Real Talk: Is Fix and Flip Still Worth It?

However, it’s also a requirement for properties with lower-level units that could be vulnerable to flooding, even if those properties are not located in a designated flood zone."

They apparently help you screen for a property, acquire a corporate lease, and design the airbnb rental.

Quality of property (newly remodeled, special charm, design) = less headaches with guests 2.