If they allowed people to rent by the room, you would have too many cars, traffic, and make the neighborhood look dumpier (you can't tell a tenant who has a crap truck not to park there).

The government will build small 600 sq ft one bed one bath homes and sell them to under privileged buyers for 100.00 Belize a month with no money down .. the homes are constructed to allow add on bed rooms and another bath.

I'm not a licensed GC yet, but owner builder in CA allows us to hire as w-2 to complete the renovation.

Develop the business aspects and scale growth as the market will allow. 

This setup allows for a more predictable cash flow since the landlord is not regularly footing these bills.Lower Management Responsibilities: Because the tenant handles most of the property's operational aspects, the landlord's management burden is significantly reduced.

Let's break things down, hopefully, I am understanding everything correctly...Exit Strategy 1: Full Rehab and Rent IncreasePros:Higher ARV (After Repair Value): This strategy could potentially increase the property's value to $126,000, allowing for a higher cash-out refinance amount.Higher Rent: After the completion of the Scope of Work (SOW), the rent could be raised to $1,000, generating more monthly revenue.Long-Term Value: Completing a full rehab could increase the property's long-term value and appeal, making it more competitive in the market.Cons:Higher Initial Investment: The SOW budget is significantly higher at $15,750, requiring more cash upfront.Vacancy Risk: Asking the current renters to vacate for the rehab introduces the risk of vacancy and lost rental income during the renovation period.Longer Timeline: The rehab process and finding new tenants could extend the timeline before the property starts generating its anticipated cash flow.Exit Strategy 2: Minimal Repairs and Keeping Current RentersPros:Lower Initial Investment: With a SOW budget of just $2,500, this strategy requires less cash upfront.Quicker Turnaround: Completing minimal repairs and keeping the current tenants can significantly shorten the timeline to start generating cash flow.Reduced Vacancy Risk: By allowing the current tenants to stay, the property continues to generate income, avoiding the risks associated with vacancy.Cons:Lower ARV: This strategy results in a lower ARV of $110,000, which affects the cash-out refinance amount.Lower Rent Increase: The rent increase to $900 is less than what could be achieved with a full rehab.Future Repair Costs: Minimal repairs might not address all the property's needs, potentially leading to higher maintenance costs down the line.Financial Analysis:Cash Flow Considerations: Both strategies provide positive cash flow before reserves, with Strategy 1 generating $160 and Strategy 2 generating $148 monthly.

All you need is a few busy bodies who want to make trouble and you are effectively banned.In the Florida Keys, all but 2 of the islands allow STR for 28 days or more - how many folks can actually rent for a full month?

That's the really the first thing to figure out, if conditions even warrant or allow this strategy. 

Your allowed to be pulled by a couple lenders within a couple weeks without being dinged.

I'm hopeful that simple supply & demand will allow for moderate rent increases for at least the next 2-4 years.3.