It also keeps the door open for a cash for keys situation in case the tenant can't pay all of it.

Here’s some clear advice to help you navigate your journey.First, education is key.

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.

We have seen a lot more of our investors selling their rentals than ever before in our 5 years as a company due to increasing costs across the board. 

Platforms like Taskrabbit.com offer skilled professionals who can assist with setup, assembly, and various tasks to get your space ready.Cleaner and handyman are key to keeping things running seamlessly, so it's crucial to have them in place before you begin.

build to rent is great. they are an intermediary that help investors contract direct with turn key new build. they are pretty sophisticated we have sold a house so far and we are looking to sell other multifamily with them. there is a vetting process and as an intermediary they don't control construction they help vet builders and establish relationships. they have a big team. the other builder I've never heard of but unless you can see your house I wouldn't touch it. rent to retirement has a strict policy of 90 days until certificate of occupancy until they will send a deal out they are good at what they do and I'd recommend them. they have options all over the country and established relationships.

The fact you brought this up on this board with this situation tells me that you are fairly new to renting by the room.  

They are very thorough in loan boarding, which can be a pain, but that is actually a good thing.

You’ll face hurdles like maintaining a steady deal flow, securing funding, managing renovations efficiently, and optimizing your exit strategies.This guide highlights key strategies for investors looking to transition from single deals to a scalable, volume-based distressed property investment model.1.