After spending years in the car business, I decided to make a bold shift into real estate.

I'd assume that it's just that it's such an old house, it's a bit drafty and it shifts in the wind and that's what causes the phenomena, but who knows?

I work in the social services field and have become aware of these types of places and am wanting to learn more about them from the investors perspective.  

From my perspective, it often feels like they’re signaling “I’ve got this, keep away.”

I'm looking at a multi-cabin STR deal that pencils out well from % a return perspective, but would involve an annoying amount of complexity managing guests when I consider the actual return in dollars I would be receiving.

Note, because it looses money otherwise might be a reason from the LL’s perspective but is not from the tenant’s perspective.  

I recently shifted my career to focus mainly on real estate investing, so I'll need some help with creative financing as I don't have a standard 9-5 like many others.

Another may see it from the perspective that they've been getting a free ride all this time and now the party has ended.

We're looking to renovate something before the end of the year to accomplish 2 things: 1) Improve home value so we can get appraisal, refinance and leverage that to buy a new property. 2) Take advantage of the tax credits that are out there in 2024 before the new year or is it better to wait until 2025 and just hold onto the cash I have at hand.Here is a list of renovations that will need to be done eventually:*Brand new basement kitchen (cabinets + add seating area - we already have brand new dishwasher, fridge, gas oven)*New standing shower in the basement bathroom*New Siding*AC/Furnace for unit 1 are close to end of life but still functioning*New Fence/landscaping*New Windows for the basement*New Garage (unstable, concrete shifting, very old)*Solar Panels on the roof (There is a $0 down payment lease option w/ sunrun, but I'm hesitant to move forward)*Renovate master bedroom closet for tenants (it is old & has built in entertainment center that is very dated)*Repair Catch basin*Adding better drainage system for back door.Greatly appreciate any help, insight or advice!

@Jamie Dupont From a tax perspective, you can deduct repair expenses related to the damages caused by the tenant as long as they’re for restoring the property (e.g., fixing holes, broken fixtures).