@Ben LeybovichI think in the perfect world, new investors would spend enough time and energy learning how to analyze properties themselves, what the various calculations mean, etc.

People are not thinking about how electricity get redone for the entire area.

I then hired contractors for plumbing, electrical, roofing, and HVAC upgrades.

Your journey into short-term rentals sounds like an exciting shift—I can feel your energy for taking on a new challenge. 

I then hired contractors for plumbing, electrical, roofing, and HVAC upgrades.

Once the interior was stripped and the infrastructure tested, I brought in commercial contractors to handle critical systems like plumbing, electrical, roofing, and HVAC installation.The house, built in the early 1900s, was originally a coal-burning residence.

Told him I have a rule never east anything out of a frig with the electric off for 6 years!

If you have the electrical capacity and the drain I would spend the $1600-$1,800 to buy the MUCH nicer ventless GE or LG all in one units.

Purchase price: $630,000 Cash invested: $120,000 Gutted this property, brand new electrical, furnace, propane, finished basement to create separate unit.New garage with rental unit.

Water is shut off and they are removing the electrical meter.