I am installing wireless, ten year lithium battery combo smoke and carbon monoxide alarms in my rentals. 

A bit of a more advanced exit strategy, but one that can be extremely profitable when implemented correctly.We spent $18k to clean out the place and then we turned around and made $40k after cleaning costs, closing costs, and commissions.

Because of this struggle, we implemented a safer 1031 exchange method.

I agree all deals are slightly different and that makes a standardized system harder to implement but I started a living document to guide us through the wholesale process.

So most of my clients implement and STR strategy with the option to MTR as back up. 

If the work is not 100% complete by the end of the Escrow period, may implement a .50% (on total loan balance) extension fee that will cover an additional construction term of 60 days.

When they go to sell they find this out when they have no equity in the deal. 2) they go for the interest rate, which can be refinanced down, instead of the purchase price that can’t be changed after purchase. 3) the location and product are carbon copy with their competition.

In my experience things changed drastically after the implementation of DF.My questions are genuine with no inferences.

Just implement the same standards across the board and you can be sucessful with it. 

Many of us started out using this strategy, and have continued to implement it with numerous nuances: House Hacking with an STR in your basement, renting by room in a SFH, and most traditionally in a small multifamily property where you take one unit to yourself.