Even seasoned investors like yourself end up leaving 15-25% in the deal, which is a smart approach when you’ve mitigated risk with major upgrades.

Mitigation Strategy: Implement value-add strategies like property upgrades, which can allow for certain rent increases within rent control regulations.

I have already lined up a professional property manager (the STR is out-of-state) and a design team (we are upgrading every room in the house and adding a ton of amenities). 

Conventional loans typically aren't for rehab projects, but rather for ready-to-rent or light cosmetic upgrades.

You can also consider increasing your deductible to lower the premium, assuming you have enough reserves for emergencies.Energy Efficiency Improvements→ If you cover utilities for your rental properties, look into energy-efficient upgrades (such as LED lighting, better insulation, or energy-efficient appliances).

Typical terms: Rates can range from 8% to 12% annually, broken down monthly (e.g., a 10% annual return would pay the lender about 0.83% monthly).

If the inspection shows broken pipes you do handle it, credit the buyer, or look for a different buyer. 

The kitchen has upgraded quartz counters, SS appliances, and they updated the bathroom as well.

If you're thinking of turning the shed into its own unit, it would require some serious upgrades—like adding a separate electrical panel, sewer, and water connections.

Clogged gutters slowly dripping could be the source, but you don't need to upgrade them to find out.