Typical renovations include:Cosmetic Updates: Painting, flooring, kitchen and bathroom upgrades, and landscaping.Structural Repairs: Fixing any underlying issues such as foundation repairs, plumbing, or electrical updates.Efficiency Improvements: Adding energy-efficient windows, new HVAC systems, and better insulation to increase the property's overall value.The goal of the rehab phase is to increase the property’s market value while making it an attractive place for tenants.

Coastal cities might give you long-term appreciation, while places like Lakeland or Ocala can deliver better cash flow right away.

Am wanting to add a STR to my portfolio and thought having one near where I live was a better idea than investing out of state.

Hopefully the rates are better.

They can get a better deal for there better care etc etc..

This also leads owners to ASSUME simpler is better when it comes to management contracts.

So I'm wondering how this works in practice.Another big question on running these properties with a management group would it be maybe possible to make the properties look better to a lender? 

Hey Travis, you're doing better than I did.

Not to mention we have grown our PM staff by almost 50% to help better support our growth and overall management.We are currently building out 5,000 lots ion Florida If you would like a free copy of my best selling book "Passive Income Playbook: How To Leverage Build to Rent Real Estate to Buy Back Your Time And Have a Legendary Family Life"  just let us know and we will send you a copy thanks Brandon  owned by a Japanese company, the floorplans are pretty poorly designed and larger than build to rent should be. the 4 plex they have is a higher price per door than th national average and needs to be modified. horrible designs.

Said much better than I ever could.