We did a couple recent ones that were on market, fixed them up and got them to market after the remodel with a profit.

Quote from @Joe Paasch: I have joined this site to gain important incites, discussions and plans to build a successful portfolio.  

The increasing barrier to entry results in fewer new STR's coming available for sale, but also fewer options for guests to rent. 

I don't think your first property needs to be perfect, but doing the work in advance gives you the possibility of refi (in a good rate environment) or more equity on a HELOC.

The property is 2 stories and 1,875 square feet and was constructed in 2024.

Quote from @Dennis McNeely: In a sandwich lease option, the investor exercises their option with the property owner to purchase the property when the tenant-buyer indicates they're ready to exercise their option and purchases the property.

The draw is actually this coming Fri for 2026The market for STR seems saturated in popular/touristic regions, however, if you have a unique property and offer affordable pricing, you may get descent occupancy. 

I would love to meet you when you come out some time.

If the numbers work, the numbers work.

You're giving up some good tax benefits since you're in the tier of taking itemized deductions.