The property is clean and cute so congrats there, but some, comfy, cozy, stylish spaces would go a long way! 

@Richie Linnon if the unit needs renovation, which is likely with someone there that long, perhaps plan to give tenant 3-6 months’ notice as it will possibly be difficult and stressful for them to find something in their budget and they may need time to apply for and be accepted into assistance programs.

I’ve join a brokerage not too long ago and learned how to cold call.

Any secured loan is fine as long as we have the documentation.

My husband and I are building 6 new construction units in Spartanburg, SC that we intend to find long term renters for. 

First, all first flips take 2-3x as long as you think and cost 2-3x as much as you think.

But as of now, just a long term, high yield savings account.

That always makes it so much harder to rent, or secure a great tenant.Here's my standard go to list now for long term rental updates:-LVP that looks like wide plank white oak-Ultra Pure white on all the walls-Vertical/ modern stack backsplashes and showers-Pop of color on the cabinets (pop of color can include black too)-Butcher block countertops (lower end) or white quartz countertops (higher end)-Modern light fixtures in brushed brassKeep it neutral still but a couple of style choices with the light fixtures (which are cheap) and it will appeal to the masses.Good luck! 

If your goal is financial freedom, choosing the right location is the most important investment decision you will make because it affects all long-term income aspects, including:Whether rents keep pace with inflation is crucial.

If you can get $1400 for the commercial without any out of pocket expenses and new long term lease with rent bumps, that would sound more appealingGood LuckGino