DIY Basement BuildoutFinishing the basement for around $25K could improve your STR competitiveness and increase rental rates.

Hey Fellow Investors, I am starting my investing journey with vigor but lacking knowledge.

All your first set of questions can be answered by looking online or calling several local competitors.Your accounting questions though, show such a lack of basic knowledge that you probably shouldn't be doing this until you have more experience.

Also most of my units are super nice so rent is already at a higher premium than some of the competition charges.

most sellers will lack motivation if their property is not distressed - and you said you don't want something too distressed.

Challenges included navigating owner hesitations, coordinating renovations within budget, and managing high expectations for occupancy and pricing in a competitive rental market.

They already scraped and painted it but management tried to charge $250 for doing so, which i argued stating the cause of the damage was the lack of ventilation.

Agreed, I think the market will really start to spur up when rates get a little more competitive. 

Watching you two go back and fourth is more insightful on what to expect from possible colleagues and competition.

I think you're right, the lack of control is probably going to be your biggest emotional hurdle.There may be some middle ground that softens that blow up.