@Dean OMalley - First off - absolutely stunning home. 

A bit of backstory: we had a small-ish earthquake here in SLC back in 2020.  ...a few months before that earthquake, a family in my neighborhood bought a STUNNING late 1800s brick home.

In 2015, we completed the 2.5-mile Riverwalk which connects multiple arts / cultural centers with public parks and dining and shopping options.

Another example, in the western NC mountains near where I live, most people gravitate towards investing in over-saturated well known vacation areas with lots of amenities, however, there are other stunning areas in the mountains with very low prices (comparatively) that have very high occupancy because hardly anybody has an STR in available in the area.

The only issue I'am having is trying to figure out what to do with the commercial kitchen/ large dining room, that was setup to serve to the residents.

Hi Zack,I'm trying to figure out exactly where your closets are but for "cheapest" options, can you shift your furnace room south and make that current space a hallway to enter bedroom 1 and the "dining room/bedroom"? 

A lien under this subchapter does not attach to:(1) wearing apparel;(2) tools, apparatus, and books of a trade or profession;(3) schoolbooks;(4) a family library;(5) family portraits and pictures;(6) one couch, two living room chairs, and a dining table and chairs;(7) beds and bedding;(8) kitchen furniture and utensils;(9) food and foodstuffs;(10) medicine and medical supplies;(11) one automobile and one truck;(12) agricultural implements;(13) children's toys not commonly used by adults;(14) goods that the landlord or the landlord's agent knows are owned by a person other than the tenant or an occupant of the residence; and(15) goods that the landlord or the landlord's agent knows are subject to a recorded chattel mortgage or financing agreement.

We had a grandfather clock in the dining room from the mid 1700s. 

While this analysis is certainly important, investors in metro areas cannot ignore the upfront time and money required to get an STR up and running.In analyzing a potential STR investment in a metro area, include these estimates as upfront costs (these are strictly furnishing expenses, not including any rehab work):- Living Room: $2k⠀⠀- Dining Room: $700⠀- Kitchen: $750⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀- Bedroom: $1.5k⠀⠀⠀⠀⠀⠀⠀⠀⠀- Bathroom: $300⠀⠀⠀⠀⠀⠀⠀⠀⠀You can certainly furnish a STR for more or less, but these are numbers I try to stick to in putting together a nicely furnished rental that includes personal touches and local flair.If you have any questions about STR investing, please don't hesitate to reach out!

Purchase price: $69,000 Cash invested: $67,000 Sale price: $277,000 Stunning Meridian Kessler home 100% remodeled to balance modern design & historic beauty.