.: @Travis Boyd you’ll lose more in interest rate increases, potential property taxes increases, realtor commission and other transaction costs than you’ll pay on any future cap gain taxes.

Who is responsible for paying the interest I am losing during these 5 days.  

An STR that is poorly managed may leave the PM without his or her portion of the income, but it may set up the owner to lose the property if that cash flow was needed to pay the mortgage.

Then, with reasonable confidence you can estimate costs.I personally don't love the square foot estimating method for remodeling as I think it is an easy way to lose.

It will be more money out of pocket to furnish it, but if your area supports it, might be a good way to keep from losing money until you can long term it. 

Many investors are attracted to lower price points but end up losing money because cheaper properties are higher risk (not good locations, rough tenants, lower quality construction, etc.). 

If Mr Murphy shows up (which he will, 100%) and anything goes wrong (which it will,100%), you are just going to lose money.

Size it appropriately so that f you lose you’ll live to fight another day.  

@Bruce Woodruff, I want your extras added to this list first please.Anyone else have some good ones to add so we can help those who are in the middle of their first reno from losing more money? 

The question I would ask myself would be is the $175 worth losing a tenant?