There are many who will argue my methods and that's fine, it's worked very well for me and has been extremely rewarding in ways that cannot be compensated monetarily. 

1) 50% rule is a well accepted generic approximation 2) hundreds of underwriting has shown it to be fairly close for my underwriting for a SFR purchase in San Diego.  

Wells, Citi & Chase), but moving all your money for current rates might not be something an investor wants to do. 

Protection from lawsuits is a big item to consider as well, especially in higher price range properties. 

do you add bathrooms and convert the garage to rooms as well?

A-rated neighborhoods will not be affordable nor cash flow well here at under 300k.

It is much easier to find HELOCS for your primary residence, but some lenders will do a HELOC on a investment property as well 

- Anthony Get connected with the CTREIA community, as well as other local meet up hosts @Brandon Rush, @Stephanie Cabral, and a great PM to know in state is @Samuel Eddinger

Nice to connect 😎Its in Joliet - Cathedral area I hope to meet you in person as well?

It’s inexpensive to provide but can make a big impact.Comfortable Bedding: Investing in high-quality mattresses, pillows, and linens improves the guest experience and leads to better reviews, which can boost occupancy rates.Smart TV or Streaming Services: Offering Netflix, Hulu, or similar services is a low-cost way to enhance guest entertainment and stay competitive.Fully Stocked Kitchen: A well-equipped kitchen with basic appliances and utensils appeals to families and long-term guests, saving them money on dining out.Dedicated Workspace: If your property caters to remote workers, adding a small desk and ergonomic chair can set your listing apart.Outdoor Spaces: If your property allows, an outdoor seating area, fire pit, or hot tub can significantly increase your nightly rate and attract more bookings.Energy-Efficient Features: Guests appreciate eco-friendly options like LED lighting, smart thermostats, or solar panels, especially in eco-conscious markets.Keyless Entry: A smart lock is a relatively small investment but offers convenience and security, which many guests value.If you’re deciding on amenities to add, it’s always a good idea to research your local market.