Minimal changes to effect common entrances, no major shifts in load bearing, easy plumbing changes for wherever the new kitchen would be... it's a lot of boxes to check. 

If I represent buyers, I like to include my name and contact information along with a sentence that if anything changes after the signing but before the sale, the tenant is obligated to notify me in writing or it waives any of those changes.Buyers might have other tenant concerns that are specific to a property.

Also, tenant management was a very delicate process while changing from LTR to MTR/STR

What ever you're doing to find/buy/create deals is working.

As inflation drives rent growth, properties in stable markets like the Midwest can continue to deliver returns even in higher-rate environments.Market Conditions Favor Real Estate RecoveryThe commercial real estate (CRE) market has faced significant challenges in recent years, but signs point to a recovery:Bottom of the Market Cycle: CRE appears to have reached its low point in late 2024, with 2025 marking the start of a slow recovery phase.Limited New Supply: High interest rates have curtailed new construction, which should drive rent growth in the coming years.Policy Changes on the Horizon: There is growing discussion about potential policy shifts under the new administration, including a return of 100% bonus depreciation and lower interest rates.

If I were ever forced to take Section 8, I would start selling off anything I had in that jurisdiction.

It means instead of having one or a few things that you have NO control of what so ever, you now have several things you have NO control of what so ever.

Pretend your getting the hardest rain you have ever seen and imagine where the water is going.I would also keep an eye out for sewer lines and type of material.

Quote from @Albert Lopez: @alexclark Did you ever invest in Cleveland Ohio?

Sounding redundant here, but if you are ever in the Conroe area, there's a meetup every third Thursday of the month.