They have a different cost basis.

We are thinking of getting a cost seg study for an SFR that's a short term rental.

With that said, my plan would be to continue getting as much overtime as I can at work, living with my parents in the few days that I'm off work, and investing in rentals in lower cost, higher cash flowing markets.

Valid reasons might include increased operating costs, property improvements, or market trends.Fairness and market rates: Rent increases should generally be reasonable and in line with market rates for similar properties in the area.

But generally lenders want to see the renovations outlined, costs, materials used, and specific descriptions (for example : install hardwood flooring for all bedrooms and living rooms). 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Protecting yourself (as landlord) from utility cost spikes when there are no separate meters is a common question.  

If you are referring to losing your money on the inspection costs then you’ll have to recall that this was a tenant occupied home and we couldn’t inspect it until it was under contract.

WONDERING also if you do these kinds of things with Back Taxes- we ( my husbands BIZ and I ) are working on consolidating his business loan (bout 20k) from the pandemic days and then this back tax of 28k from his previous divorce days-  both very high in interest- and before we paid our work van off a consolidation program I reached out to was like - uh we can't help you-  anyways Im sure you can find my contact info via BP- my membership will close here soon as I will be back when we're closer to buying our first home- I am focused on building my business and such- Jesi Naomi on Social media - would love to talk- I love this membership - I just need to cut down on costs I haven't been using while getting our finances in order.   

Acquisition cost was $700k; reno costs about $165k; furnishings about $35k.