Cosmetic rehab and furnishing both units to short term rental quality.

These improvements enhanced the property's appeal and market value, showcasing Partner Driven's commitment to quality and maximizing returns.

They argue that their renovation is top notch, so the price is justified, which may or may not be true, but but generally the high quality of the renovation does not pay sufficient dividends in the form of increased rent, so the price to rent ratio just isn't there.They typically advertise a 9% to 13% cash on cash return, but be careful, this is their "first year projection" and in their first year they do some things that I find a it deceptive, such as not accounting for vacancy because they place a tenant prior to closing, and they budget essentially nothing for repairs or cap ex since it is renovated and they offer a warranty. 

Maybe its better to pay the tax and put the remaining cash in a high interest yielding account.

Still high demand for rentals?

While multi family and new built luxury high rises might be going down it does not appear to affect more desirable properties that offer more space, amenities, better locations.I am in South East in a desirable area.What is your take on rental outlook?

My background is in building, with a degree from TAMU in Construction Science, and I'm currently a project manager overseeing new construction and remodeling of high end custom homes in Houston.

It may make sense to sell before high maintenance costs if you realize good appreciation, but that doesn’t seem to be the case in your situation.

For those considering the Caribbean, the USVI offers the same fee simple ownership as the mainland, thus reducing risk. 

Careful tenant screening, competitive rents, and proper property management can help reduce vacancy periods.