If you’re aiming for a stable, hands-off income boost, this might be the way to go, especially with the cost being relatively low compared to other investments and being in an expensive market. 

To qualify for debt, lenders generally look at net worth (aim for the loan amount), liquidity (10% post-close), experience, and a solid credit score (ideally 680+).

Just aiming for a smoother process for both tenants and myself.

Quote from @Ingrid Hussey: Hi All,I recently installed security cameras outside of my SFR rental.  1 is installed on 1 corner of the house and is aimed at the front yard. 

For flipping, I focus on the after-repair value (ARV), renovation costs, and potential profit margins—usually aiming for a 20-25% return after all expenses.

These apply to investors, co-hosts, or property managers who aim to create an exceptional guest experience in this competitive industry.

I aimed to provide more value than other Airbnbs in the area, but that also meant higher expenses on my part.One of the reasons I sold my Cancun property was the lack of room for increasing nightly rates.

Add in demand for the land itself, increase in the younger generation aiming for household formation, in-migration to Florida from retirees or from other relocations, and your observation is spot on.

The planned renovations aim to enhance the property’s condition, allowing for significant rent increases and maximizing the long-term income potential of this eight-unit apartment building.

This development aims to enhance housing options and significantly increase property values.