Current plan is to rip out the carpet, it's trashed, and replace with LVP (one of the four colors, not sure which is best to choose... see attached image), replace the laminate counter with granite.

The original plan was to use the equity to build in a few years, but we were blessed with triplets so things got a lot tighter.

I'd ensure that you can at least break even or have a different exit plan if that 5K goes away. 

What would you plan for?

I currently reside in CO so looking to invest remotely.ThanksHi Mathew, I would also recommend looking into the Columbus OH market if you're planning to do BRRRRs.

I would use cleaning services but it's my understanding I could use more than one company over the course of the year to limit how many hours one company spends on it.I'm looking into a utilitarian STR more for business travelers, so this won't be one where everything is perfect, it's bound to accumulate wear and tear I think.The STR would be out of state, but I plan to travel there for probably two weeks a year where I would perform many repairs myself.

My house hacking plan is to get a distressed MFH using a FHA 203k loan with about 3.5-5% down, and fix up the property to increase my equity.

I plan to make 25% down on this home.

@Daniel Curtin Blue Island will be fine as long as you have a strong plan for management.

Sure, some absolutely have benefited, S.Korea is a fair example BUT, one can argue it would just be "Korea" today if only MacArthur wasn't planning a run for President there after and ignored Chinas warning and offer of peace to stop with all but total victory, instead pushing to Chinese border, pulling them into it and literally loosing the entire north....