I removed the chimney and added modern HVAC, making it the only house on the block with it, significantly enhancing its value.

The rental had ratty furniture, a record player prominently featured in the marketing but it had no speakers, missing basics items in the kitchen, lots of drunks in the concrete hallways that reverberated right into the bedroom at 2am, a strong odor of urine outside, and more.We have super hosts in this forum that have hundreds of 5-star reviews and are masters of the craft, but I look at their rentals and see they don't have any artwork on the walls, decor is basic, they do nothing to make the guest feel welcome, etc. 

I removed the chimney entirely and installed a full HVAC system, making it the only house on the block with modern heating and cooling.

There's a lot more blocking and tackling that has to be done now.

I have received recent quotes for LESTER building around 125k for a 40x80 so I'm doubling that , concrete not included.I feel like i can't loose with this strategy even charging $2 a square triple net for these units ?

We added a hot tub to our studio thats 6 blocks back from the beach and it won't stop booking.

Managing properties remotely is definitely possible, but it’s a lot smoother when you have good contacts for maintenance, property management, and leasing.Another challenge I've faced is that Detroit is very block-by-block—you have to really understand the neighborhoods.

I like to look at not only the subject property but also as many of the comps, the neighboring properties, the ones behind and in front and on the next block, etc. in order to really understand the exact micro-market as intimately as possible.

My husband and I have a short term rental a block from the beach but while I was there I met a woman who is now contemplating renting from us September - December which is pretty exciting.I have a lot of enthusiasm for the market and wish other people did too!

But she takes excellent care of them (even put in a small concrete pool for them to play in during the summer:-).