In the thought of if I could have my living experience be whatever I wanted...what would it look like.I came up with this list: Barber shop / Salon pallor, Car wash center, neighborhood grocery story (with good produce, beer/wine, premade but fresh over ready meals, and all my hygiene needs, on site bar or restaurant, community gathering area, a co-working space with small offices I could rent if need but a shared space also, a lap swimming pool, a real deal gym (not a hotel gym), sauna, on site laundry service (offered at a premium), and on site cleaning crew (additional cost of course) to clean my place.All of these things would be set up as additional sources of revenue for the apartment some that are directly operated others that just lease out space (like the salon parlor or something)Structurally it could look something like this: Sub basement: Lap pool / locker rooms / saunaBasement: Full real deal gym (anytime fitness level type) - could be directly operated or space leasedFirst floor: The amenities floor - could be directly operated or space leased2nd or third floor: Shared co-working space (residents get a discount and are priortized but its still open to the public for a cost)All floors above are living space.Has anyone ever though of this before?

It’s challenging to get property in the Smokies these days.. being able to make good revenue will help make up for premium that’s in place now.

Note, I love renters with pets because they stay longer, typically clean up more often because of the fur, and are willing to pay a premium for their fur babies.Pet Rent:  Pet rent is the best way to go. 

But in this market, the right portfolio can actually command a premium.  

You must update your insurance coverage to reflect the new ownership (and the premiums typically go up). 

soapbox:  Probably should have researched this before the investment.also somewhat soapbox:  not a lot of money to be made in airbnb vs long term rentals in Huntsville, because the rental premium for the STR is not very large. 

If those numbers are right, this may feel like a good deal given the property would have almost everything new once it's complete and 'feel new' to tenants in the other unit who may be willing to pay a bit more of a premium for a newer apartment.

He offers solutions to seriously lower your flood premiums. 

Buy Midwest investment properties and ignore the non owner occ pricing premiums, just do it.  

Generally the commercial loan space is higher by about 1% or more and you will pay a premium if it is a multifamily property. and are often subject to a pre-payment penalty in NJ.