Purchase price: $530,000 Cash invested: $100,000 My journey into short-term rentals began after years of investing in long-term properties, but it was a podcast that opened my eyes to the incredible potential returns of STRs.

Unless you have some super air tight triple pane windowed studio with 8” thick walls you need something else.

Co-living also takes quite a bit of money to create more baths, walls, different electrical hookups, etc.

@Diana Teng there are a LOT of potential pitfalls:(So, it's vitaly important to not just find someone that you think you can trust because they tell you what you want to hear, but you find someone that their processes seem a good fit for what you want.EXAMPLE: we do BRRR Turnkeys for clients and take numerous vides we share with them - initial, worst state of any demo, when HVAC, plumbing, electrical update BEFORE walled in, before any major payouts and of course a final walk-thru video.One thing that's accurate from all the HGTV renovation/flip shows is that you should expect and plan for surprises!

:) @McKenzie Stouffer Very nice, what an incredible opportunity!

Maybe they’ll build a wall around DC so that he can better control his new Kingdom!  

So, go with a good solution on the deadbolt.Screw a lockbox in a wall near the door for an emergency physical key.Find a locksmith that can rekey the doors between tenants - put ALL locks on the same key.Most electronic locks warn you when the battery is getting low.

Did you put in a kit shower and the market is better with tile shower walls..

It’s incredibly messy and time consuming.

Any insights would be incredibly helpful!