My CPA instructed me to list my repairs as CAPEX or repair items , furnishings were supplies for the rental. 

The equity increased a ton especially w the limited supply 

He's three points and 12% to start and he will not supply rehab funds on the first one. 

Other additional expenses include smart locks for all rooms once a week house keeping and furniture.

That could mean a simple spruce up to all new furniture and more.

Quote from @Sanjay Bhagat: 1) Is there a syndicate/s in BP which has gone through all the 4 real estate life cycle (recovery, expansion, hyper-supply, and recession) ?

The other option is a water supply line, but that would typically resulting a steady leak and the damage would occur faster.Really think about what is above that space that could cause the issue.

We are living in the Golden era of wine right now - never before has there been so much good inexpensive wines - but like golf there's just not enough users to demand all the supply. 

Furnished Finder does make it tricky since you need separate profiles for each room, but platforms like Apartments.com or Airbnb might work better if you're aiming for full-house rentals or structured by-the-room arrangements.If you decide to rent to multiple individuals:Tenant Screening: Screen each tenant thoroughly to ensure they’re reliable and responsible.Clear Communication: Introduce potential tenants to one another Detailed Agreements: Use separate leases for each tenant and specify shared vs. private spaces, utilities, and maintenance responsibilities.House Rules: Create clear, written house rules to prevent misunderstandings.Inventory Tracking: Document everything in the home (furniture, appliances, etc.) to avoid disputes about damage or missing items.Also, market your property with its flexibility in mind—like proximity to hospitals for traveling nurses or universities for graduate students.

As an out of town owner, one benefit of Madison is that we do have a good supply of property management companies to consider.