Just another example of private equity throwing money at bad business model's in our space.  

I am all ears if anyone can lend some suggestions; however, after wasting thousands of dollars on DEV costs, I want to share my journey to help others.

Otherwise they will continue to pay yearly taxes and maintenance costs, and not be able to foreclose the property as it will sit here leaking and falling apart and the mold continuing to spread.

. $14 a month for your own business property portal.

We frequently hear investors chasing properties that meet the "1% rule" which in my opinion is a  flawed underwriting practice (have posted on that very subject a few times in these forums), but in order to achieve a 14% cap rate your Gross Operating Income must nearly meet 2% of the assets cost assuming your operating expense ratio is at 35% (which is very lean on operating expenses).

To summarize, STR is not dead to the ones that treat it like a business. 

Next, what is the cost of the renovation vs higher rent delta? 

We're looking to branch out there for low-cost owner financing properties (offering financing for those renting). 

Many investors are familiar with the concept of cost segregation studies and may have even had studies performed on their properties.

That makes a big difference on what is available for submetering, type of technology and cost.