HVAC, I genuinely feel that the guest experience would have suffered if I didn't provide central AC.There really isn't a business case here other than "make the property as good as it can be" which I can see is not optimal from a capital perspective.

It’s always a good idea to consult with a tax professional who can look at your specific situation and optimize your deductions.Best of luck with your new condo!

@Brian Ploszay definitely had some great insight.To expand on his first point, I think a "triple net lease" would be a good model to try to follow.Also, make sure that in the event your optimal tenant (drug rehab) were to move out, you have multiple exits to help you sustain any market downturn. 

Need help optimizing your QuickBooks setup?

To navigate these complexities and ensure you’re optimizing your tax strategy, it would be wise to consult a tax professional who specializes in international taxation and U.S. real estate.

They work with business owners and they walk you through how to set up and optimize the PM company, etc.

Sometimes players need physical therapy (rehab), some need more 1-on-1 coaching (optimization/advertising) and some to be traded (1031 exchange).

If you could optimize by $200 a door over 25 units, that would be over $60k a year.

If you’re a Realtor, first I would list this property under both "Residential" and "Residential Income" to optimize your listing’s visibility. 

DSCRThere are multiple considerations to optimize the refinancing portion of the BRRRR method.