You could do the upgrades then rent out the units or sell after you made the improvements.

Before listing it on an STR platform, I need to make some improvements to my current home.How can I maximize tax write-offs for these improvements?

These are not great investments and while the experience is not typical for Memphis, nothing I've read or seen should lead you to believe your experience will improve.  

These templates can help streamline your project and improve communication with your contractorThese should give you a solid starting point for your renovation project.

The best you can do research your market, improve personal budgeting, improve credit, and get your dollars working for you.

As you try to manage and "push" vendors for your property, sometimes the only way to improve is to change.

We often give owners advice before the turnover letting them know that if we turned over the tenant, how we could improve the property, at what cost, and what the rents would improve to.

After a few candid conversations, they realized they could negotiate slightly higher rents by offering small improvments..things like better loading dock access or upgrading the security features..turning a so-so cash flow into something much healthier.When you break down your family friend’s situation, it might help to consider these angles:Selling and redeploying capitla could open up opportunities in markets where cash flow is a bit juicier.

And even fewer people seek to improve their ROI on BOTH the things they are not achieving and the things they are achieving.

We also have a PLAN to improve the properties, thus increasing rents and improving cashflow.So, it's important to have a pretty good PLAN about what your goals are!