I've been pretty vocal on this platform against bad syndication practices out there. 

Here are some practical tips and insights based on my experience managing a real estate fund and working in this field.First, setting realistic expectations.

Which then in turn consistently having 5 star reviews can increase your nightly rate.

It wasn’t how I wanted to kick things off, but I worked with a contractor to get the bathroom fixed and functional.Once that was behind me, I focused on improving the building and maximizing income:I installed a shared washer and dryer for the tenants, a major upgrade that added convenience and increased the property’s value.I rented out the two garage parking spaces, bringing in consistent revenue.I also raised rents for the second- and third-floor tenants I inherited to be just below market-rate.

I’ve noticed property owners who bought 7 years ago in these prime Denver spots often saw their values climb nicely, especially if they managed to keep consistent bookings.

You said you are new to real estate investing but you have a background in residential real estate - what does the background consist of?

Medford (North Boston) happens to be a low supply/high demand market so I absolutely need to get more comfortable with consistent rent increases but those increases need to be researched and in line with the market. 

I would recommend finding a way to continue to practice in some capacity, at the very least to cover living expenses.

Thank you for coming back and clarifying it, the minor difference does make a difference to me in practice.   

@Reeti PeshawariaThis is a bit tricky to do since STR regulations are an emerging political topic so regulations are consistently shifting.