We would live there for one year and renovate/decorate the unit for a STR. 

Purchase price: $69,000 Cash invested: $100,000 *Total and complete renovation in 2022*Upscale contemporary decor*Fully equipped kitchen *Beach access just 4 minutes away (Headlands Beach State Park)*Peaceful and semi-secluded location*Private outdoor space *Remote workstation with Wi-Fi*Linenspa mattresses on both king-size beds*Allergy sensitive with no down, feathers, or installed carpet Our Headlands Beach Cottage Renovated from the Ground UpAfter an extensive restoration project, we are thrilled to present Headlands Beach Cottage.

This is the current quote from one of the few contractors that got back to us.My Concerns:- not agreeing to fixed end date- limited itemized breakdown for each item  QuoteExterior: $9000 (not including exterior paint and tree work)• Power wash exterior (plumbing repairs needed to accommodate)• Scrape original paint as much as possible• Paint exterior• Remove satellite dish from front• Remove front awning above two windows • Repair casement around basement windows• Replace siding as needed• Install rear staircase (permit required)• Replace corner post with 6x6• Install 12x15 rear deck at gradeFront Porch: $1500 (not including work on exterior windows)• Rebuild front door to clear hump in floor with automated sweep• Clean floor and repaint• Prep and repaint room• Inspect and seal interior window as needed1st Floor: $5200 + $2.50 per sqft of flooring installed (price of flooring and electrical not included)• Need to take a second look in house if possible I would like to match original flooring in kitchen, which would most likely lower the flooring cost)• Replace front door (32” left hand inswing try to match décor) Jeld-wen 6 lite prehung $398 would need to be painted to look appropriate• Clean walls repair, paint and caulk window frames (color Simply white recommended in scuff defense)• Level and prepare floor for vinyl including removing all trim, repairing and replacing as damage occurs, install nosing and transitions• Install vinyl floating floor throughout first floor (customer to select flooring for pricing) (sqft unknown install rate is $2.50 Per sqft)• Electrical plan to be determinedKitchen: $3800 (not including cabinets, refrigerator, sink, faucet, stove)• Repair damaged floor joist and subfloor• Install kitchen sink• Repair walls trim and paint• Refrigerator location is unknown at this time1st floor bathroom: $1800 (customer to supply vanity and faucet)• Remove toilet and flooring (if subfloor repair is need current price does not reflect cost)• Repair walls and paint• Install vanity (work with customer in choosing appropriate vanity)Laundry Room: $1300• Install matching rear door 32” RT inswing• Install dryer exhaust• Repair walls, trim and paint• (walls will likely need to be opened for electrical work)2nd Floor: $2200 Not including Floor refinishing• General clean-up of walls and trim• Paint• Seal windows as needed• Floors refinished2nd Floor bath: $5050 (does not include vanity, tile, mix valve, tub)• Gut shower• Replace toilet• Install vanity• Tile shower• Tile bathroom floor• Repair walls• Trim• PaintStaircase: $800• Remove remainder of carpet tack strips• General restoration repairBasement / utilities: $350 (electrical, plumbing, and heating is separate quote)• General clean up• Clear all debris from premise Total quoted cost: $34,500 + $2.50 per sq ft flooring installed.

So obviously, fixing and flipping it out for me (unless my spouse has some interior decorating skill I have yet to see in 20+ years), and being a landlord is in the same category of punishment as a root canal.

The home has a pool, a lake view, and my plan would be to renovate it entirely, giving it a unique look (bohemian decor, hammock in the backyard, fruit trees, gravel path leading to a fire pit, etc).Anyone having been to that neighborhood would agree that it is far from upscale (in fact, some houses are pretty run down), but I do see quite a few Airbnbs there, and the community is very close to the theme parks. 

Your decor and furniture package make all the difference as well since there's so many 3BR units.

Curb appeal, lighting, possibly security cameras, solid core or decorative metal doors with deadbolts and security screen doors, interior painting that is not one color on everything, accent walls in main living area and primary bedroom, cabinets and closets painted white on the interior, flooring limited to one or two designs throughout the unit, and no carpet, windows and screens fully operable and clean...all of this will elevate your unit vs. most of the others in such a neighborhood.

We put in new floors, and painted, and decorated the home.

Clean it up and add some light decorations especially so you can identify there are multiple baths.

I find this one useful personally for my STR business, as we buy supplies, decor, and even furniture through that program and rack up some free stuff pretty quickly, as you can use the 5% cash back on future purchases on Amazon.