How about the increased home insurance cost for a landlord policy?

Can not go wrong with a rental in Ashburn since the rents have increased so much. 

Like most markets, there is a growing trend in the area due to affordability and increasing more things to do. 

As an example, our request for rent increase that was submitted in Sep 2023 has not been processed and may never be processed.

I’ve had people who signed up for 6 months and stayed 5+ years, paying increasing rental rates.

Quote from @Marc Shin: @Keagan Scott on any advice you have to help me increase my bookings would be appreciated! 

While I’m open to both turn-key and fixer-upper properties, my preference leans slightly toward value-add opportunities where I can improve the property and increase equity or cash flow.That said, I’m also happy to consider turn-key options that provide immediate cash flow if they fit within my investment strategy.

@Ketch BaysStarting small in a cash-flowing market is a smart way to gain experience and build confidence without overextending yourself financially.

Cost of value add was $120k, so over $580k of increase above costs.  

(Previous rent was $1,300 but we're about to put in a brand new kitchen from the studs, new flooring throughout the house, new furance, adding A/C, etc).So do we just pay for it all upfront and mostly drain all of our savings, or do I let the rent pay for it and utilize our other savings to get a second property this spring/summer to increase our cashflow?