I like to think that money comes first :) - Upgrades and Renovations One area of opportunity with out STR's (at least on the coast) is condition.

Pretty resistant to water now by doing this upgrade.

We have an on demand electric on one place it was good but we had to upgrade the electric to do it so that would wipe out any savings for you.

Make sure to factor in any potential maintenance costs, like repairs or upgrades, especially since you mentioned a few fixes are necessary.

When they leave, what is your conversion costs or build out costs for upgrading. 

I had requested it since move in and kept being told upon renewal, the next year I requested it mid lease and was told that a lot of new awesome upgrades were gonna be done on my next renewal and she was really excited for me. 

I did a deal where I got a slightly upgraded window.

I would also ensure the faucet was replaced with a like item, not an upgrade. 

I have made some upgrades since living here, fully renovated the bathroom and laundry room, upgraded appliances, added a tankless hot water heater, and replaced all galv. pipe with pex.

The issue I find is that when I go to list my units, which are clean and moderately upgraded apartments in Little Havana and Allapattah I literally have 70 applicants in 24hrs via facebook marketplace or through the apartment rental platform my property management software interfaces with (like Apartments.com etc).So when I have 70 people lining up with first, last and deposit with no other middleman or agency impeding the process or requiring inspections or causing delays or requesting additional paperwork be filled out where is my incentive to go the section 8 route?