Fixing up a property and turning it into student housing is a smart move—steady demand and solid rental income.Great job!

Get listed on all the OTA’s and a direct booking site, use good management software like HostAway, use dynamic pricing software like pricelabs, use WiFi enabled smart locks like Schlage encode, use an email capture system for guests to login to WiFi like stayfi, use those captured emails to do marketing for your direct booking site, and automate scheduling and payments for cleaners and maintenance.

That is smart business.Most people, as you said, just fake it so poorly.

Be smart and invest wisely, constantly learning from each transition. 

Starting with a mentor is very smart – it really cuts down on the learning curve, especially with something like a fix & flip.

Smart investors first focus on finding quality properties—such as those in thriving areas of Brooklyn or potential neighborhoods around Manhattan—and then reverse engineer the process by improving management, optimizing rental structures, or enhancing facilities to make it worthwhile.

A good friend of mine recently managed to pick up a modest duplex outside Phoenix that looked risky at first glance.. low rents, older neighborhood.. but with a few smart upgrades, it became a steady earner in under a year.You mentioned your worries about remote investing and the challenges of managing properties from afar.

Again, not familiar with your market but your numbers seem conservative, which is smart.

Haven't discussed with them as my electrician has suggested installing a device to determine kilowatt usage for the main dwelling and the ADU.For now my ADU strategy will be looking for properties with attached garages and are large enough to eventually add a detached ADU if I decide to go that route and I prove that this strategy works.  

Smart tech, such as fast Wi-Fi, streaming services, and keyless entry, consistently gets positive feedback, as do luxury bathroom additions like plush towels and rain showers.