Hey @Zack Rosenbaum,That's high but it also depends on what style of building it is, square footage, whether all units have two means of egress, etc.  

Should I notify the current tenants in advance of each showing, or would an open house-style showing be more appropriate?

There is no Mid-Term or a Rent by the Room style loan as of yet. 

I then spent a majority of my free time learning as much as I could on the different styles and strategies that have been utilized in the past, reading everything from Lynch’s One Up on Wall Street to Graham’s Security Analysis, to learning how to build out financial models in excel.

I respect buffets prudent style and extensive due diligence.

My wife is an artist /interior decorator too and makes beautiful spaces on a budget, so would kill it with MTR, I think. 

I added value to the deal by strategically investing $15,000 in targeted renovations, including modernizing the decor and enhancing the property’s appeal with stylish finishes and functional updates.

look at other STR data in the area and do similar style to do your best to recreate similar results 

Since you’re located near Rivermont Blvd, which is likely a desirable area, you could focus on standout amenities like the finished basement, appealing decor, and targeted marketing.

Tan/brown neutral , and yes a little darker to hide stains....and not a Berber loop style, those look nice but are prone to damage...