We’ve had great success with our listings, regularly achieving 5x the market average ADR on Airbnb and receiving frequent offers from local realtors to purchase.We’re now considering scaling up with a new project and have been approached by a friend who’s interested in partnering with us, providing financing for renovations.

Many tenants are willing to pay extra for convenience, which could give you additional cash flow without a full rent hike.Reassess Your Portfolio→ If one or more properties have become too burdensome with high expenses, it may be worth considering whether selling and reinvesting in a different market or property type makes sense for your overall portfolio.While raising rents is the most straightforward approach, these alternative strategies can help reduce costs and increase revenue without disrupting tenant relations.If you need help assessing the numbers or exploring financing options to lower your monthly expenses, feel free to reach out → I’d be happy to help!

At least that's the practical approach.  

As Halloween approaches, Party City is taking on its annual rival, Spirit Halloween, in the battle for seasonal dominance.

An approach you might want to take, is to break down each component of the rehab into its own price per sqft/linear foot/units for both materials and for labor.for example you might find that flooring costs and average of $3.50/sqft labor to install + $3.00/sqft for materials X square feet = cost to refloor+ always add an extra 10% for unforseensSo you would just need to do this for every part of the rehab based on what needs to be done and what level of finish you are going for.keep in mind that some things are measured by sqft, like floor, and others are measured by linear foot, like trim, and some are measured by total area, like drywall and paint, and yet others are measured per each like tubs and toilets.A good place to start with figuring costs is The Book On Estimating Rehab Costs by J.

I am eager to get started on locking in my first investment property and have questions on what my best approach would be.I own my home and have been making slow improvements to it over the last year I have had it.

Any suggestions on how to approach this? 

Another strategy is to take an elimination approach where you make a list of places you will not invest.

Any suggestions how to approach this situation ?

And how common is this approach?