I'm obsessed with performance metrics and so I track every single dollar that comes in and out of the account and I have my spreadsheets automatically update their performance metrics with each entry I make.

Quick update on the unit.Finished renovating the biggest unit and ran it as an air bnb this past summer.

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.