It can help maintain or increase property value, appeal to a wider range of guests, and contribute to overall guest satisfaction and loyalty.Overall, hiring a professional designer for your short-term rental can elevate the guest experience, improve occupancy rates and profitability, and position your property as a desirable option in the competitive vacation rental market.

Strategies to improve cash flow include house hacking, value-add properties, short-term rentals, lowering purchase prices, reducing expenses, creative financing, market research, and self-education.

These updates modernized the property, improved its curb appeal, and increased its market value.

I feel like renting out multifamily is what I may be looking for with this, if done right can give me cash flow, I can hire a property manager at some point and I am friends with a lot of home improvement companies, and I could either use some money I have saved up to put a down payment or home equity loan for some % I am comfortable with and pay both off as fast as I can and repeat.

I want to see improvement in my own community so I jump on this opportunity when I heard it was available.

But this is the number my calculator suggests and doesn’t account for improved operations.It’s a hard decision.

They want us there to improve their community, and it shows.  

I have done so for a few of my properties and its amazing how much it improves the look.

You should know the rules inside out or be working with the professionals that know it.Incorrect moves can result in not only a taxable event to you but to your investors.Based on your most recent response, i do not think you have a good understanding of1) requirements of the QOF(You may need to substantially improve a property)2) How long you need to hold a property before it can be sold to exclude the gain3) Inside basis vs outside basisBest of luck

These updates modernized the property, improved its curb appeal, and significantly increased its market value.