You have good advice above in that you aren't doing a teardown as a new investor; to even think it's possible is absolutely silly and a product of forums vs. real life.What's your why?

If your floor is not level, you may need to prep it with a self leveler product, which can be expensive.  

It allows you to put 5% down, whereas the minimum for a conventional product is 15% (I'm not a lender, but that's the last I was told by my go to lender).

@Dick O'Hare I have not used Blueprint's products yet, but I have a business partner who has worked with Jeff Welgan and that's how I was introduce.

🔸Comfort and Seating: Provide multiple seating areas throughout your property to encourage socializing and relaxation, enhancing the overall guest experience.The short-term rental landscape has evolved.

I looks like the former, based on the following definition --"The term placed in service means the time that property is first placed by the taxpayer in a condition or state of readiness and availability for a specifically assigned function, whether for use in a trade or business, for the production of income, in a tax-exempt activity, or in a personal activity."

@Rys F.Be careful on the dumpsters - they get filled the trades will hit you up for delays and lost productivity if they are full and not emptied and they cannot do their work.

Hey- Tiamo from the BiggerPockets product team here.

And that’s what ppl think they can find if they listen to real estate podcasts that set improper expectations (and really just want them to spend money on their products/deals)That being said year 1/2 can be rough with unexpected (should have expected) repairs from the prior owner.

However, this is pretty much doing a BRRRR now which I've never done, don't have the time and is capital intensive (plus, I'm out of town) which doesn't seem too appealing.While I could just weather out the cashflow and bank on the appreciation over time, I feel my return on equity is poor, and that equity can be put elsewhere to be more productive.