That being said, STR is a whole different game than LTR, and usually involve a lot more work or a larger expense to pay people to do the work.

The larger the town the more opportunities though.

Property inspections help track the condition of a property and can prevent small issues from becoming larger ones.Inspections at move-in and move-out are typical, as is having the tenant complete their own move-in checklist to address concerns that are not and should not be their responsibility.

Not saying it isn't important or that you shouldn't enforce your lease I am saying in the larger picture the tenant is paying the pet fee. 

So I would focus on a small cosmetic flip to begin, just to test everything out before you sink everything into a larger project.

I liked how semi liquid stocks are but I can find deals that have a clearly higher ROI than a good portion of my portfolio. 

I do not allow any breeds larger than a Labrador in my single family rentals and larger than a goldfish in my multi-family.

@Joe VilleneuveAccording to comps the mininum price for a property 200 sqft larger is 220K and maximum price for fully renovated, including washer and dryer 254K.

I'd continue to make the payments if you have the liquidity to do so.  

I have one rental I could pull roughly $70k out of. One thing I'm not sure how works is if I pulled that out (or sold it) and the next step is to buy more property using that as a down payment, so buying a $300k ish p...