And the beauty of it all is that they donot provide any transparency if the repair actually came from the tenant !

Milena, the beauty of private money loans is that you can negotiate whatever terms make sense for you and the partner.   

Look for something neutral that goes with any type of decor.

As long as your comfortable with your numbers and the sustainability of your cash flow there's nothing wrong with higher equity to get that cash flow.Or the other way with 2 smaller properties like @Peter Mckernan said.That's the beauty of the 1031. 

If it's solid wood, it can be sanded numerous times.....a recent rehab where the floor was thrashed got 3 heavy re-sands, ended up being one of the most beautiful floors anyone had ever seen.Also, I would look at jacking up the center floor a bit while you're at it.

that prompted the discussion.I see a trend on tiKtok where people decorate entire walls with trim, form, LED lights etc and we try to make it clear at move-in that all modifications require approval and the property has to be returned in essentially the same condition as originally provided to them

In Orlando, you have the opportunity to drive appreciation by buying a poorly performing, underdecorated STR at and drive appreciation by transforming it to a highly themed, well decorated property which books well.

I recommend you read books or (view You Tube)written by IRA Financial founder,Adam Bergman.The beauty of tax free cash flow of 14%+ ConC and no capital gains taxes ever, far outweigh any lost depreciation deductions.

Many of them are in beautiful and safe rural areas, and yet there is insufficient demand for them.

Purchase price: $307,000 Cash invested: $77,000 Nice condo with beautiful wood ceiling and a 22 sqm deck in the heart of Philadelphia!