As the new owner, showing them that you care about both the property and their experience as residents while they're living there, and building a solid rapport with them on the front end, it will pay so many dividends as you move forward.Hope this info helps a bit, and best of luck with the new property/tenants!

I'd also recommend dumping the garages there's almost a total loss on that unless you are putting units above them on a dense infill lot for additional units it's not worth the cost of construction. build cost is pretty high for your market for three story suburban walk ups. we could never build at that price and make any money. suburban sells for 160k a door in our market with land. get on yardi make sure you Arne't going to lose money on it.

I live in Ann Arbor and it's a really tough investment market because of the high values and taxes.

With this knowledge, it seems as though out-of-state investors are analyzing markets that have great job growth, high appreciation, low unemployment, low taxes, but are still "affordable" compared to standards in more expensive parts of the country.

Upgrading items in an STR can lead to high ROI, because people are paying for an experience and looking to treat themselves, their friends, and family.  

You don’t want to wait until the end to use that money.

I highly suggest you have an account for maintenance as well. 

At the end of the day look at what everyone is doing.

Does being built up so high add more value to a raised home Vs. a home on a slab foundation? 

It should allow you to set it up as a recurring meeting and set the frequency (monthly, every 3 months) and end date.