Though the buildings are attached, the guest rooms all have individual exterior entrances with no interior connection to the residence. 

I will tell you he did a great job because very little interior re-work was required - but it was a substantial hit to the Reno budget!

The five people you spend the most time with will influence you.

The interior was outdated, the landscaping was overgrown, and several deferred maintenance issues were apparent.

We invested $55,000 in key renovations, focusing on modernizing the interiors, improving curb appeal, and ensuring the property met market expectations.

For background, I'm partnered with an architect and interior designer, but I'd have to find most of the subs as I don't have any formal connections (at least in the area I'd like to build).

I'd be interested in hearing from condo investors about why this real estate product makes sense even with the low COC returns and HOA fees that cannot be influenced?

You are roughly 50% completed, the interiors will cost more than you think.

It is a way to see the interiors of houses without obligation or disrupting owners.  

So, I would only recommend doing it when there are synergies to take advantage of such as the partner having a skill like HVAC, interior design, accounting, etc. 2.