Olu - Assuming the geography and style/type of building fits your criteria (others have made comments that you should consider) the other part of this discussion on whether this is a "good deal" is the ability to increase the NOI of the property over time.

Another thought is converting my Cape style home to a multi family.

Lol, 'the 70s were a weird decade fo builders and the lack of any particualr style is a setback as well.

I, instead, invest in midwest markets (Memphis and Detroit), mostly doing BRRRR style purchases.

One option is to fix it up & then borrow on the equity sort of BRRR style.

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 can’t say that I’m familiar with the style of foundation that you have but from my experience, concrete cracks.

I usually schedule an open-house style showing on a weekend, collect applications from interested parties that day so basically at the same time, and pick the most qualified applicant (the first one to apply who meets the criteria clearly listed in my ad, whose employment and references check out).

I tweaked all their automatic emails slightly to match my style and specific info I wanted to share with guests.