Our latest case study revealed that our owners achieved 35% higher occupancy and earned 35% more annually by implementing our recommendations.Right Now, there is an Amenities Arms Race. 

Your focus should be on avoiding loss, not earning extra.

Anticipation of these cuts has already reduced mortgage rates to their lowest in nearly 20 months.

The $11k you spent on furnishings is high-many operators cut those costs, which can reduce your break-even period.While 1.5x long-term rents is typical in places like Oregon and Texas, some niche markets (e.g., corporate housing, traveling nurses) do achieve the 2-2.5x multiple.

Energy efficiency upgrades to reduce operating costs.

If it reduces your vacancy rate from 5% to 3% over the 20 years years what is the payback?

He is a family friend and we have even looked at some off market for sale by seller too that I identified stuff where he wouldn’t even earn a commission and he was happy to investigate for me - more of a looking out for me / family than counting a check (I am not looking for expensive real estate and he has owns the brokerage of 20+ agents, unfortunately my purchase isn’t much of a profit opportunity for the office but would probably be more embarrassing on him if we get something wrong  😂) Noted on the inspection though and I will stipulate it is a deal breaker on my side.

You could borrow a second against the $400k of equity in your property - and accept short term negative cash flow to earn a lot more on the great deal you don't want to pass up.  

Investor Consequences: Restricted Cash Flow Growth: Investors may experience reduced income over time since rent increases are typically capped below market levels.

In short, if I invest $100k on a new property for long term rental, I want to make sure that I can position the $100k fully as a business loss in 2024 reducing  my total taxable income by $100k.