Make sure you have one to keep improving onTwo things I noted:1.  

Efficient Renovations: Focused on high-impact upgrades like modernizing the kitchen and bathrooms, improving curb appeal, and installing energy-efficient features, which are highly desirable in this competitive market.Optimizing Layout: Evaluated the property's layout to ensure it met modern buyer preferences, such as creating open-concept spaces.

If there is no HOA because it has been family run, it will be dicey, but generally if it is a private road, all those on the road are collectively responsible for maintenance and improvements.

We have also completed some exciting improvements including retyring a boiler for heat/cool ductless mini-splits and 9 units being electrically updates.

I wouldn’t invest too much in old technology right before demand creates improvements. 

Ideally, I would love to buy a multi-family property and rent it out, I would consider house hacking but I mainly want to my first property to be one that I can improve on and have it generate income for me.

Why Reviews Are Crucial for Your Airbnb SuccessBuild Trust with Guests: Positive reviews show potential guests that your property is reliable and welcoming, making it more likely they’ll choose your space over others.Boost Visibility on Airbnb: Higher ratings mean your property is more likely to appear in search results, leading to more bookings and greater income potential.Learn and Improve: Reviews often provide actionable feedback.

Also, the historical data tells me that 3 years of underperformance means that future performance must improve substantially in order to meet the IRR goal for the investment.

Pros and Cons of Off-Market DealsLet’s break it into pieces, How to Find Them, Advantages, Risks, and Tips,How to Find Them: Being proactive involves driving around, knocking on doors (sometimes engaging with people who aren’t in the best mood...), making cold calls, and sending mailers.

That said, the 6.875% rate could be improved.