Minimum cash needed upfront though is usually why people can’t invest in an STR successfully - there’s two buckets I recommend and only two:bucket 1 gets 12-20% CoC and you need $185-$230k cash (depending on if you DIY)bucket two is 15-30% CoC and you need $315k-$335k cash. 

If you decide on installing cameras then just like at your home it is a matter of brand preference and styles, etc. 

I recommended he talk to his parents about buying the house in an installment sale and using seller financing with them.

It's important to note that interest rates for land loans may be higher than those for residential homes.Utilities and Access: Many rural lots in Fairbanks are off-grid, so buyers should consider whether they need to drill a well, install a septic system, or bring in electricity.

For clients who look at doing laminate, it almost never makes sense since the labor costs they are quoted to install end up eating up the savings. 

(optional)Kitchen Remodel (2020): Updated countertops, cabinets, and installed new stainless steel appliances.Bathroom Renovation (2019): Added new tiles, modern fixtures, and a glass shower enclosure in the master bathroom.Finished Basement (2018): Added 600 sq. ft. of finished space, including a family room and home office.New Roof (2021): Replaced the entire roof with new shingles and added improved insulation.Landscaping (2022): Redesigned front and backyard with new plants, sod, and an outdoor seating area.Energy-Efficient Windows (2020): Installed energy-saving windows throughout the home.

They can provide valuable guidance to ensure everything is set up correctly.If you prefer a DIY approach, services like Zenbusiness or Tailor Brands can help, but they won't offer the same personalized advice.Good luck, and feel free to ask more questions! 

I am considering converting the basement by installing an egress window, which would cost around $7,000, and adding wired smoke alarms.

Do a cash out refinance to offset any credit card or installment loan with a rate above 9% to offset the loss until you have the ability to sell ot or transition into a STR.

Again though, as a CPA I let the attorneys work with clients and determine what is best as the DIY options might leave you with a void that renders the LLC (or any entity for that matter) set up ineffective and useless.