By identifying properties with untapped potential and implementing strategic improvements, investors can significantly boost their cash flow and overall return on investment. 

Absolutely looking at other options (including direct booking) because want to keep learning, improving.

You will need to install outlets, switches, and lighting fixtures as needed,Plumbing: You will almost certainly need to connect all drains to the sewer and bring in water lines.Windows and doors: To provide natural light and ventilation, you will need to add windows and doors to the garage.

I think what you have is a location issue and might very well have over improved it for the area.

Congratulations on your success and have confidence you’ll keep overcoming obstacles and improving!

Just keep all your financial records regarding the purchase, improvements, holding costs, etc.

Cost is always a consideration, but since this isn't a pure investment, not looking at it as cash return, cost, value of improvements, etc. 

His reasons were: a) he can borrow capital improvement budget, thereby not diluting LP returns and b) he could not underwrite yield maintenance.He continued to imply that his business model will remain short term holds (under 5 years) so this debt works for him and is better than fixed rate.My question to this community: would you still be willing to invest with an operator taking out floating rate debt in today's world?

Then I could keep his/her deposit money and any capital improvements put into the building.

It is available at the large home improvement stores.