The other is a service and sort of hospitality-oriented approach.

Updates are rare and most correspondence is will call you back or something of that sort.

Some kitchens will be 5k if its a small one and some will be 15k if you are taking out a wall and its larger.

I don't do large rent increases (like $200) because I don't want a unit turn but my rent is in the market range.  

Leveraging the equity from your house hack for future investments, whether in STRs or larger multi-family properties, is a strategic plan, but ensure your initial property performs well before taking on bigger projects like flipping.

My post above regarding Catskill, NY and designating a host sort of ties to your idea however in this case I don’t think it would work.

I started my OOS HML  career in Detroit and that was 2002 and WOW coming from our area what an education I got.. my clients that were doing turnkey at the time and all the buyers were out of state ( basically LA based) the local on the ground operator was very good he had all sorts of tricks to try to keep the houses safe.. the one i really liked was painting the copper pipes grey so thieves would not steal them..

I would have bought rental properties of any sort before I bought my primary home. 

For the security deposit, let them sort that out.

I’d love to house hack and start with a duplex or larger, but I’m just finding is hard to shop around in our market.