Boasting majestic 10' ceilings, the main floor has an open layout, a private fenced in yard, and features a first-floor primary bedroom with private en suite bathroom.

Obviously during the renovation process we tend to focus on functionality and cosmetic features.

We want to run another 203K, this time converting a basment to ADU (Basically have to do everything: Permit, design, Egresses, full kitchen build, level concrete floors) as well as spruce up the main level.  

I suppose if someone just had a traditional homeowners and umbrella policy there could be exclusions for rentals, but any decent agent can find a policy package designed for rentals.

He’s told me he’ll help my design the fix and flip to meet the latest market trends. 

We for example, are OK with "Cabin Style" under this brand-new definition - since this issues comes up frequently:Properties with “Cabin Design (Style)” per appraisalreport are eligible if Foundation Walls = Concrete Block Roof Surface = Metal or Shingles Heating = FWA Interior Walls = Drywall or Plaster

As far as a general STR strategy, a nice 3x2 house within an hour of a major attraction is not too much to manage and can drive a nice nightly rate if you go with high end design. 

I use Baselane for most tenant-related features including tenant vetting, developing the lease, collecting deposits, collecting rents and for all my bookkeeping related features.

All these comments about Tax, and Managing property,  is the reason we operate as an I.R.S. designated 501 (C ) 3 Tax exempt non profit association of landlords.  

Example: a listing with a cool property but bad pictures or poorly written Airbnb listing, or maybe it needs a new design refresh or doesn't get many reviews.