With the right renovations, we saw it as an ideal project to maximize returns in a growing market, especially with our experienced partner, Seth Choate, by our side.

There isn't enough information in here about the current state of the house to be able to advise you, but I would think #3 is a definite no as it seems unnecessary from a cost perspective although that market has scale to accept it.

Currently in the state of selecting a market.   

Milwaukee is the third most competitive market for tenants in the US.

Understanding how to use Market Analysis and Property Appreciation Potential will help you make better investment decisions.3.

The Packwood, WA market may be officially saturated on STR's. 

you also need to source the property, and for BRRRR you need a goldilocks property - something that is distressed enough that you can buy substantially below market, but not so distressed that it's not worth fixing up.hope this helps - happy to help further

Are you buying amazing deals or are they closer to market value?  

It is still quite restrictive IMO and would not allow for many STRs but some to be added to the local market. 4.

Purchase price: $565,000 Cash invested: $125,000 Listed Price: $585K (originally $585K, 30 days on market).