In general, I would say Kitchen, Bathrooms and any deferred maintenance should be your focused items. 

I think you're confusing the quantity of items with curb appeal.

Here’s why:Affordability: You can find solid properties here well within your $200k–$300k budget.Cash Flow Potential: Indianapolis has a growing population, a diverse economy, and relatively low property taxes compared to some other midwestern markets like Cleveland.Investor-Friendly: Indy is landlord-friendly with strong rental demand, especially in neighborhoods near downtown, universities, and revitalized areas like Fountain Square or Irvington.If you’re open to a strategy involving light renovations, there are plenty of opportunities to add equity and boost rental income here.

or, do you cash flow only after you've set aside money for capex and other items? 

Improper reporting of big items such as mortgage interest. 

Another struggle i have with STR is replacing small items continually which ties back to pricing.

He has also introduced me to a new network of great people with diverse experience in business, investing and life.

Just think about raising our own kids those toddlers really can mess up your paint and sheetrock and other items..

Line Item Fee Collected Rents 10% of All Collected Rents New Tenant Search & Onboarding $500 Business Hour Service Calls $80/hour + Materials Cost + Tax After Hour Service Calls $110/hour + Materials Cost + Tax HVAC Cleaning & InspectionGutter CleaningSpring/Fall Exterior CleanupSeasonal Mowing & Weed TrimmingSeasonal Snow PlowingGeneral Contractor Vendor Cost + 10% Oversight Fee

Duluth's housing is incredibly diverse from a sub-market standpoint.