Pretty much every time I talked myself into making a compromise on our minimum standards I regretted it later.

The property should be clean, functional, and safe.A well-maintained property attracts higher-quality renters that will pay more, stay longer, and take better care of the home.

@Kamryn DeVaultTo invest in a duplex, consider factors like neighborhood quality, economic stability, safety, property condition, cash flow potential, financing options, tenant screening, lease agreements, future potential, legal and zoning considerations, maintenance and management, networking, and starting small and scaling.

I recommend you look for a quality property manager to handle things for you. 

What are standard terms and conditions when raising capital from investors for a real estate investment?  

@Brandon Ja - The standard answer here is to check with your CPA, but from my standpoint expenses that add longevity and functionality to an existing property (including adding square footage) would make that a capital expenditure that can be depreciated over time.

Some townhomes are like $250,000 and rent is still $2000+.Where I’m from, a $400,000 house would probably rent for about $2000 so I was pleasantly surprised to see how much more rent you can get per dollar, is this pretty standard or am I missing something about Freeport?

An email marketing funnel for re-booking is nice, but it's barely keeping up with the year over year decline in rents due to saturation (quantity saturation AND quality saturation) and shifting travel trends.  20 years ago your hot tub made your listing an all-star. 

Property Standards- Cleaning Coordination: We work closely with our cleaning teams to ensure properties are spotless and ready for guests.- Maintenance Coordination: We coordinate maintenance tasks promptly to keep properties in great shape.- Stocking Essentials: We make sure that all necessary items, like toiletries and linens, are available for guests.7.

Unfortunately, there is a good number of illegitimate PMs and contractors in the Cleveland area, BUT quality property management does exist here.