I'm helping my boss with a benefit analysis; NPV eval is pretty straightforward if this were a new building this year, but the majority of our buildings were purchased or had improvements done years ago.

Plus it improves their rental experience, possibly making them stay longer. 1/4 acre on a push mower- seriously that's pretty big.

We pay for the property taxes, the water and sewer bill, and usually do some sort of capital improvement to the property based on his rent each year.

.- Improve in property management.Then you can think on expanding your portfolio.A good investor would need to have the hands on the ground to make sure that they understand what is going on.

I can safely say I can fulfill my host obligation and put my STR on the market right away without any improvement and sell.

With DSCR loans putting more money upfront can help lower the rate and improve cash flow (DSCR ratio), which should improve pricing.

The question becomes even if improvements are made can the tenants pay it or are they already maxed out with their incomes on rent affordability?

Not necessarily what you can do ahead of time to make it attractive but you can always advertise a TIA budget along with the asking rent so prospective tenants know you are willing to put up some money to improve it to their liking.  

That gives you diversification, more freedom, and you are still invested without all the effort.Self-storage is hot right now, but it may be worth looking for a facility in your area that you can improve and self-manage.

On one side the companies appears stronger, due to labor cost cutting, so equity investors appreciate the companies improvement on the quarterly reports, which supports investors desiring to invest more in other business, which improves the economy.