Refitting all may increase costs and potentially raise your 3-plex rate, which is currently quite low.

Also using dynamic software pricing can help increase revenue. 

While rent rates do increase, so do the potential headaches of managing multiple tenants.For example, here in Bryan and College Station, TX, you can get an extra 10% by renting out rooms individually.

It’s also a great way to leverage your investment for future projects.If you’re planning to continue with more BRRR projects, consider refining your vendor selection process to increase efficiency and cost control, and ensure your financing is set up to maximize your next deals.If you need any advice on financing strategies for future deals or optimizing STR income, I’d be happy to help!

The rents were at $1000 a door with a potential to increase up to $1250 after some small TLC renovations.When you factor in the price point, lower taxes and lower insurance you have yourself a sure fire cash flow deal.

Are you captive to the building HOA for increasing fees?

Are you looking from a more traditional real estate perspective where you're trying to acquire an asset for long term preservation of wealth, tax advantages, to have guests help out with the mortgage payemnts, potentially have rents and home value increase in time with normal inflation, and are okay with the idea of paying some amount out of the pocket some (most?)

They rather burn the house to the ground than sell it.I do agree that the data would imply an increase in motivation, but not by much (at all).To really understand this understand the definition a motivated seller.A motivated seller is not someone who becomes willing to sell their house!

Depreciation, the tax write off from my then high paying job had value.Over time, rents increased and property value went up.

Government now can restrict and cap your rent increases 3.