We gave notice to vacate, spent $10,000 on renovations (painting, new floors, new hardware, re-glazing bathtubs and surrounds, new vanities and mirrors, new lighting) and about $5,000 on furnishing (beds, bedding, couches, TV’s, tables, kitchen supplies, and décor).

I am thinking the best course of action may be to raise the rent by 7% on Dec or Jan 1, then aggressively raise it each anniversary to catch up to market rates as recommended by @Eric Mcginn.Lesson learned the hard way!

If that is the case, one of the beautiful things of working with private money lenders is you can create the rules.

A nice sunroom feel- use a pull-out couch for an additional bed, but lots of pillows for decor or a comfy reading nook, a board game spot for people to sit and enjoy the sun (though all those windows) and play games, and maybe a Foose-ball table or air hockey, - make it usable for lots of different people that may stay there.

It was a beautiful piece of land though on a private lane, with municipal utilities.

Ramblin Rose Cabin- 4 bed 3 bath cabin in the beautiful Black Hills of South Dakota.

@Jonathan NachtsheimNice, it looks like a beautiful property. 

Beautiful 3-story unit with lake views from all levels.

Purchased a beautiful 2 bed, 2 bath duplex in KY that will rent $1200 on each side.

Purchased a beautiful 2 bed, 2 bath duplex in KY.