I’m not great about pausing and coming up for air to post an update, but I’ve been encouraged to do that more by another investor recently, so wanted to take a minute and update where we are 3 years into our journey into buying short term rental properties at the beach.

If you reduce the price $18,000 for the roof, they may still come back and ask for new flooring, or updated plumbing, or whatever.

Only difference is I raised the rents to where I wanted it to be after updates, & most of the tenants wanted to stay.

If the lines were replaced/updated at any time...great, but I bet the drains weren't, and the underground is crumbling, or will, or has been.5 - Plaster walls. 

It was fully updated/remodeled in 2015, is ~3000 sq ft (old Victorian), it currently cash flows ~$400 per month, and I have about $250k of equity in it. 

@Andrew Postell thanks Andrew an it does make a lot of sense but it does need some repairing an updating an that’s was the plan to rent it out after I rehab it but I was wondering after I did all this repairs etc would it be smart to refinance an then rent it out or is that even possible?

I will keep everyone updated!

Stanford Rowe just wanted to update you since you chimed in on this.

cosmetic update and few upgrades

( I have paid to go on a lawyer site to ask as well and will update that it's in Dundalk).