I will try and have some quality of life features like a kitchenette, storage, and locked bedroom doors.

The group we purchased from came in and did a beautiful high end renovation on all 100 units.

The challenge for present day investors is with elevated mortgage rates and record high housing prices, the carrying costs and incentive to invest now can be restrictive. 

Challenges: Finding a quality electrician, fixing the leaky basement.For some reason, I cannot find a quality electrician.

Katriana,Normally I would ask what is the rent on the other door/unit but $420K for a Duplex is on the High side unless this duplex is on the beach or within walking distance. 

It is not that high.

Pulling from Paul to pay Peter is never the best strategy unless it's part of a long-term, well thought out, high equity plan.

If you want to accelerate your progress in anything, sourround yourself with people who do that thing at a high level.Did you inherit a tenant?

However, there are pros and cons to this approach:Pros:Streamlined Operations: Property managers can integrate their systems more efficiently, leading to potentially better management and guest experiences.Experience and Optimization: They might have established profiles with good ratings and reviews, which can help attract more bookings.Cons:Loss of Control: If you stop working with the property manager, you could lose access to the listing and the reviews associated with it.Dependency: Your business becomes more reliant on the property manager, which could be problematic if the relationship sours or if their service quality declines.As an experienced STR manager, you're already familiar with many aspects of managing rentals.

However, there is a tax deferral strategy that could accelerate your depreciation, keeping more money in your pocket today, known as cost segregation.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.