The lessons you learned the hard way in 2008 will be invaluable now, and it’s great that you’re aiming to stay small-scale and within your comfort zone of Sacramento, which gives you an advantage of knowledge in that market.Given your experience, I'd say start by focusing on three key areas to build confidence and minimize risks:Budget Control: Over-renovating was one of the big mistakes you mentioned.

I am excited to be joining this community of investors and learning from the wealth of knowledge available!

There is a wealth of knowledge here and many people willing to help.

Stability: Homeowners tend to stay in their homes longer than renters, which can create a more stable environment for families and children.

It needs to be enough $ incentive to get them to stay, that's important.

The forums on here are such a great way to get great free knowledge.

Not to mention staff, I’d check on the number required to stay up to ratio throughout the day, night ratio is likely lower than day ratio.

we are doing similar but hotel / extended stay valuations are almost double apartments.

I don't have any experience in Augusta, but if you are interested in Detroit or Memphis, happy to connect and knowledge share.

You should reconsider looking for a property zoned for short term stays.