Fix everything you plan to, clean it, have it professionally photographed and listed with a realtor to make sure you get fully vetted tenants and the most options.If you were a renter in today's market and walked into a new listing with a nice front photo online and it was under renovation, would you pay market value?

With its inviting curb appeal and well-maintained landscaping, 17 Penny Lane stands as a testament to both style and practicality.

If you end up at a standstill with your auditor, be prepared to take your fight to the next level, called Appeals.

I can see how headaches and hassles can make selling a more appealing option, especially when the market conditions are right and your point about taxes and having a replacement property ready for a 1031 exchange is really valuable.

My sense is that Steve is running into quite a bit of this.Jay, the answer to your question of if I know any $200K and under locations here that would make sense as an STR, yes, I do, but a lot depends on how the property is marketed, how it is furnished, to whom you make it appeal, how long you have to build up your business, how much work you're willing to put in.

More seasoned investors, who have a better grasp of external factors and market dynamics, find C areas more appealing due to their higher potential for cash flow and equity returns, albeit at a higher risk that requires greater expertise and understanding.

Converting spaces or adding amenities that will appeal to higher-paying tenants.5.

They’re now focused on unique properties with appealing natural amenities, like waterfronts or downtown areas, in growing locations that will consistently attract guests.

Many markets have photographers who specialize in STR properties—this is an investment worth making!

These improvements enhanced the property's appeal and marketability, resulting in a significant price increase when we sold it for $135,000.