Aloha, I hope this message finds you all well!

Over-budgeting is critical to ensure that renovations don’t eat into your profits.Market Fluctuations: If property values in your area do not appreciate as expected, or if you face a market downturn, the amount you can refinance for may be lower than anticipated.Financing Challenges: Securing financing for the initial purchase and rehab, as well as refinancing after the property is rehabbed, may be challenging, particularly if the property is located in an area with fluctuating values or if the rehab work doesn’t immediately improve the property’s appraised value.Tenant Risk: Rent collection and tenant management can be unpredictable.

I would like to know as well... 

Along these lines, we send out a weekly newsletter to our list, sharing things going on in our market, as well as more macro, in the real estate market and economy.

Good luck and hope it goes well for you! 

And they’ve cost me alone well over $30k in damages and lost rent thanks to their complete negligence.

If you're not sure of you preferred direction with your next property I would invest in understanding investing more thoroughly and read 5-10 books as well as speak to other experienced investors.

They do not take into account the revenue from the STR in valuation.Just because you are doing well with it doesn't mean it will work for the buyer.

@Kerry Hermann We got our start in the western Chicago suburbs as well but are now totally focussed on The Shoals.

Ultimately, it's all about the right balance—staging should always be tailored to the home and the market it’s in, which is where working with a knowledgeable agent really makes a difference.Would love to hear your thoughts as well!