The renovation is significant (flooring, counters, heating, upgrading the bathrooms, etc.), but not a complete remodel (not adding or expanding structures).

Compete with new constructions with upgraded as granite or Quartz counter tops, central air and heat,and in unit laundry.

I'm also hoping to find something that is ideally under market value that needs cosmetic upgrading so there is some value add.

My next visit to the property to upgrade flooring in primary bedroom about two weeks later it was raining and I noticed 1.

Existing structures used for transient rental purposes must be upgraded to meet current requirements and codes.

Specifically around efficiency in devices when not maintained and challenges with realizing potential earnings with device electrification upgrades.

In doing so we determined we needed to upgrade the 50amp boxes to 100amp and took on this additional expense.

In addition to all new mechanicals and cosmetics a portion of the rehab will focus on upgrading the current landscaping to enhance privacy.

I've begun keeping receipts on upgrades, fees, etc... to be prepared for tax time. 

and I know there is some form of cancellation but not this close to the stay and If I could i would postpone 2 days so the first day of fishing is not in snow flurries :)the other major issue for me is POINTS  i earn enough points each year to get 10 to 14 free nights .. like in Puket  or last fall in Lisbon or a few years ago the Hilton Wikaloa on the big island and they upgraded us to a suit that was easily a 7 to 8k perk all for free.