We invested $55,000 in key renovations, focusing on modernizing the interiors, improving curb appeal, and ensuring the property met market expectations.

You can add different ways to reach out to improve your conversion for owners you are hitting or you can increase the amount you are sending. 

It takes a lot of practice and sucks in the beginning, but if you stick with it long enough and keep improving it will be worth it

I ran the numbers and looks like a good deal (7% cap rate, 5% ROI, and ROI will improve as the years go by).

This is due to bonus depreciation which allows taxpayers to deduct 40% of qualifying property costs in the first year, in addition to regular depreciation for new construction and improvement.

Challenges?

It is challenging to build an underwriting box for something that fell outside an underwriting box.

When it comes to the STR game, differentiation is critical, and that can be challenging with a 550 square foot oceanfront condo. 

While automation and calculators can certainly improve efficiency and reduce human error, they can’t replace the judgment gained through repetition and real-world experience.

No improvements needed that could drive up values (and your equity)?