Easier to find two $1000 renter vs one $2000 renter.3.  

It's important to find out.But for now, let's assume that the property is worth $63 million as @Jason Piccolo indicated above and the loan balance is $59.8 million. 

As more people placed more properties in STR inventory, and as more municipalities taxed and regulated the industry, the profitability of the overall industry has reverted to a much more aligned (lower) risk adjusted return.  

Builders offered everything from rate buydowns to other buyer incentives to make their homes more attractive.

Any tips on balancing renovation costs with tenant expectations when preparing a property for midterm stays?

You came to the right place to learn more about real estate investing, Zach! 

I have absolutely nothing to gain here whatsoever so I'll bow out of the conversation.

Let me know if you’d like more insight!

I am here to learn more about my own personal investments as well as seeking out learning opportunities from like-minded individuals.

In making this post here on BP, I wanted to humbly come to the forum however and start from scratch in terms of idea generation as to any and all avenues to pursue in getting the word out there so as to not miss any options.