If they appeal offer some cash for keys.

Also, doesn’t the process of doing all the rehabbing and filling with a tenant make the property that much more appealing to other investors?

Boring Can Be Beautiful, But Location Still WinsWhile I agree that boring markets offer steady cash flow, I’d argue that markets with a blend of stable tenant demand and tourist appeal like areas near U.S. military installations in Germany strike a better balance between cash flow and appreciation.

A cash-out refi isn't really appealing with the rates and I'm locked in at 30 yr, 4.7% currently.

Until whoever is sending you these opportunities has the conversation with you on how much you'd like to make on a deal, how you figure your ARV and how you plan a rehab/ costs they are likely going to continue sending you opportunities you won't find too appealing. 

The appeal, in my experinence, is a steady local base plus some vacationers passing through.I’ve got a freind who scooped up a place near the Ozarks and found that while huge cash flow was harder to come by, the consistent occupancy gave them fewer headaches over time.

The one stop shopping is definitely the appeal, but remains hard to find.  

They're probably just doing this to preserve the issue for appeal.

The renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.

I know building a reliable local network will be key, so I'm hoping to connect with experienced real estate team in the area.The military presence in Jacksonville catches my eye, and I'm particularly interested in properties that might appeal to military personnel and the associated contractors.