Here is a great episode to check out about doing these small but impactful gestures to enhance the experience at an airbnb. 

This decision not only maximized immediate profits but also enhanced positioning for future investment opportunities, demonstrating adaptability and a forward-thinking investment approach.

-------Building an ADU in Raleigh is a fantastic way to enhance your property’s value (a whole other discussion there) and increase your property’s income-earning potential. 

Expenses for initial repairs before renting are usually capitalized and depreciated.

Most home owners are only familiar with California Closets pricing and automatically perceive closet fit outs as being expensive.

Read Gary Keller's The Millionaire Real Estate Investor for a deep dive on expenses. 

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

This not only preserves the value of your investment but also enhances its profitability over time.Also, I'd like to emphasize the importance of understanding the local market dynamics, which will help you make informed decisions about where to buy, what to buy, and at what price.

I would make one distinction and that’s between an expense and a capital improvement. 

My total expense ratio on each property I own ranges anywhere from 40%-50% annually, but I also self-manage and am not a slumlord (I am pro-active with maintenance, not reactive).