Learn how to manage it well.

Is anyone using a good inventory management system to track supplies in your STR?  

You can't require them to keep the cat in a carrier and never touch the carpet because that is impossible to do or manage. 

The lender tacks on a lot of costs as the mortgage becomes delinquent and goes to foreclosure.

My question is this, would the cost of upgrading the panel and adding the mini split make sense for a rental?

We manage 400+ units and only a handful are Section 8.

I live in miami florida now and I moved for larger scale developments here because of the net migration but columbus ohio the economics allow for that. existing inventory has been tougher and at the pricing inc columbus you may as well build new because you can build new less than replacement costs in a lot of the markets downtown. it's about being in adjacent downtown neighborhoods where property values and rents are higher. land values are the biggest driver of how well you can buy land to develop followed by permitted uses or rezoning applications. 

However, several factors come into play, such as state laws, regulations, asset protection strategies and costs (widely different, e.g., California vs.

CORE 4: Agent, contractor, property manager, and attorney.

For this product most lenders will go off of the purchase price plus your rehab cost for a conventional loan.