Spending some on marketing/mailers/trying to find motivated sellers would be a better use of your money (in my opinion).I downloaded one of his "free" blueprints to building wealth flipping vacant land.

Conversely, I also know people who find communicating with guests and cleaners to be incredibly draining, they don't know the first thing about managing an STR nor does it particularly interest them, and they would rather spend their time making money in their main job rather than taking on a side hustle that they may not be able to do as effectively.

First, if you spend $450K to add a unit, it doesn't sound like you are adding $450K in value based on the comps for a 3-unit property.

Spend a little extra furnishing budget money on the areas that will be in your first 5 photos - MAKE THEM STAND OUT!

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

If you have, say, $30K in savings, what you should NOT do is spend all of it on some random property that shows in a spreadsheet that you'll make $102 a month, and then you buy it and get crushed by repairs and maintenance. 

It's updated yearly and is the best $40 you'll spend as a Landlord.

I had to choose between spending $18K for "not so great" policy, or agreeing to the improvements and spending $14K for a great policy.

STRENGTHS-  strong affordable housing market-  cool city with a great feel-  nicely mixed neighborhoods with properties in need of repair next to nice homes-  large university, robust medical community-  decent rents overall, currently trading at 8-10% cap rates-  Micron promises growthWEAKNESSES-  Micron hype is making people spend way too much on properties-  pesky code compliance inspections here too-  student housing area is incredibly compact and difficult to get in to-  difficult to predict if a property will benefit from renovation or not-  contractors are overwhelmed, difficult to get estimatesSummary: Syracuse is experiencing a lot of change right now, in a good way.

Soon people will be spending nearly as much on insurance as they spend on their mortgage...