We gutted the interior down to the cinder blocks, re-designed the unit layout to fit a more modern lifestyle.

Unfortunately, we live in California so we would have to pay significant capital gains if we sell.Hi Scott, depending on the property and if you’re willing to invest in quality interior design, you could make more money as an STR.

Painting and Interior Maintenance: Every 3-5 years or between tenants, paid by the owner.12.

Basically a turnkey investment with all new interior upgrades that is poised to bring in solid rental income.

Assuming adding a vent isn't unduly difficult, i.e. the dryer being in an interior room far from an exterior wall and/or no good access to run dryer pipe, I would put it in on my own.

.$400Baseboard (had it left over from another job so $0, but would have cost around $100)New interior door, wood studs, drywall, mud  $300Paint $100Dump Fees $500Misc stuff I’m probably forgetting $500TOTAL COST $12,500Rehab cost per square foot = $25

I was going to have to build an interior fire rated stairwell.  

My wife is an artist /interior decorator too and makes beautiful spaces on a budget, so would kill it with MTR, I think. 

That's about what my major renovation cost (new electrical, plumbing, new exterior and interior paint) in 2022 but I bought  in-stock cabinet, light fixtures and faucet fixtures myself.  

Now, each lease will be unique, so you can't apply this across all commercial leases, but commonly, LL is responsible for exterior and structural components, while tenant is reponsible for any interior items.How to best explain this: honestly, I would request the tenants have their own legal counsel review their respective leases.