You really shouldn’t be running your business on a stranger googling answers for you but…the google says:  Depending on the rental agreement, Georgia landlords typically must provide a 60-day notice for lease renewals or terminations, while tenants generally need to give only a 30-day notice for lease termination.Jan 18, 2024If a new lease is not signed, and the landlord continues to accept monthly rent, the terms of the original lease still apply, except the landlord is required to give sixty (60) days' notice before she can terminate the lease or change the terms, and you (the tenant) are required to give thirty (30) days' notice before leaving.So you can’t non-renew until the end of April and you can’t even increase the rent until then.

Would the value of the remodel increase the rents or the selling price that would out weight the cost? 

Finding deals outside of California can definitely open up new opportunities, especially given the cost of living and market dynamics in the state.When looking for properties in other states, consider focusing on areas with strong rental demand, economic growth, and population increase.

I think it is important to increase my ability to provide cash flow outside of real estate.

Properties like the Michigan complex offer a unique entry point, combining cash flow and significant upside potential.Immediate Cash FlowThis particular property is projected to deliver 6% annual cash flow from day one, already exceeding the yield of Treasuries.Value-Add RenovationsThe property includes hundreds of units that can be upgraded to Class A finishes, justifying rent increases.

The increasing barrier to entry results in fewer new STR's coming available for sale, but also fewer options for guests to rent. 

A potential goldmine for those seeking to increase property value and generate rental income.However, navigating this opportunity requires strategic planning.

The return of installing one is not 1 to 1 but will increase your properties value. 

I still think it is a good area to invest in despite the increases in cost.  

Do you have other ways to decrease your expenses or increase your income aside from real estate?