The success of an STR will depend on how it is managed, designed, and marketed.

Has anyone used AI services to upload a photo and visualize various design features?

And to make this process more efficient, we must stay abreast of design trends, workplace innovations, and ergonomic solutions that can enhance the functionality and appeal of our commercial properties.Updating Yourself with Economic Conditions and Political Changes: Stay informed about macroeconomic indicators such as GDP growth, employment rates, inflation, and interest rates, as these factors can impact overall market stability and investor sentiment.

David Faulkner when I'm doing a Reno I periodically check in with an interior designer to tie together the finishes.

and design systems to address.

Home insurance won't cover a lot of system failures like electrical.Home warranties are designed to make the warranty provider money; they are slow to respond, quick to reject claims, charge you a trip fee for every visit, use the lowest-cost vendors that provide quick-fix solutions, and are generally not worth the paper they are written on.

Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.

I designed a 2 bed 1 bath stacked triplex that fits on a 30' wide lot with 3' side yards and we can build it for $174 a sq ft hard cost. we do them where the land is 10% of after repaired asset value which in our market is 50k approx. we study multifamily trends and stay with it.

I don't have as much time anymore working full time, taking care of my girls, and designing the flips we are doing.

This diversity is reflected in their housing preferences and priorities, driving demand for inclusive and culturally diverse communities that celebrate diversity, promote inclusivity, and provide equitable access to housing opportunities for all.In conclusion, the Millennial generation is reshaping the housing market in profound ways, influencing everything from location preferences and home design to technology integration and community development.