That said, I was attracted to this property and area for a few reasons.

If you were to leave at the end of your lease term, those improvements would be needed to attract another quality tenant but the rent would increase.  

I've seen lots of investors over or under improve a property for the area, and then either not get enough rent for the work they did or have a hard time to attract tenants.

But, generally check and see if there are restrictions for what you want to do and see if there are attractions in the area that AirBnB would work for.

HomeAway is also been good for attracting older guests whereas AirBnb tends to cater to young professionals and families.  

Unoccupied real estate is often hard to insure and can quickly attract a bad element.

In recent years, the central Florida powerhouse has attracted over 75 million annual visitors — more than the total population of France, England, Colombia, or Thailand.While everyday residents in Orlando may not love these tourism statistics, vacation rental hosts and property managers are licking their chops.

But that pendulum swung back in Denver and with crazy low interest rates attracting more buyers, it's back to the throw-money-at-it season.Not to toot our own horn, but it does speak to the necessity of having a strong agent who knows what strings to pull to put their buyer in the best position possible in this competitive market.

How to simplify entities to ensure clean accounting books and maximize property attractiveness for future lenders and buyersI realize these are somewhat different specialties but would prefer to consult with someone with a comprehensive understanding if possible.

I got it under contract at an attractive price due to the poor condition of the property.