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.

Take advantage of these resources, join the real estate community, and get hands-on experience to improve your skills and make wise decisions.Good luck!

I have done 20K in improvements + another 20K in improvements since this January to get it ready to sell.

If they are not doing anything to improve that park, no one will want to live there. 

My cost basis was originally 202K for the building plus about 30K improvements.

@Chris Blackburn was that just the cost of the building, or was that with land fully improved in your area?

Cost me 5k, the upgrades were not unreasonable, and the electrical work included safety improvements.

😊) In 2024 we partnered with a family member, call him Travis, and he has taken over the maintenance and improvements.

You can also try to rent out the rooms individually for weeknights when demand is lower, but that adds a whole nother layer of complexity and micromanagement and so and so slept in the wrong bed that’s it’s hardly worth it.So let’s say you only had 5 full turnovers at $200 a pop, for $1000 minus $550 management minus $300 bills minus $150 restocking of supplies and incidentals That’s $2000 taken out of your $5500 leaving you a $3500 profit when you could just do LTR at $3250 without adding years to your life Now if I was local, which I was at one point, I could reduce a fair bit of these expenses and improve the systems.

The expense can not be an improvement unless it falls under the deminimis safe harborCapitalized - improvement that does not qualify as a deminimis safe harbor and it relates to tenant area.Non-deductible - payment as it relates to personal residence area.