Capex is separate from ordinary maintenance.There are also considerations when buying an occupied rental.

Are there any considerations for either upgrading or not upgrading in this situation when we plan to have renters in the house?

. - Allow time for consideration.

But when living in such close proximity with other tenants, they really need to be considerate on how it's affecting others. 

., this is also similar to co-working locations where the operator signs a master lease with the building owner and then rents out cubicles to individual customers.It takes a considerable amount of effort and money to adequately furnish a house to make it a decent STR. 

This is what ChatGPT has to say about post scarcity:"Predicting the exact timing of post-scarcity is challenging because it depends on numerous factors including technological advancements, economic policies, social attitudes, and environmental considerations.

Take into consideration your refinance costs (you'll probably need to be prequalified to know that) and see where you sit.Maybe that will tell us what we need to know.

**Market Considerations:**1.

Rule number 2:  The Option Consideration is NOT a deposit on the purchase, it's the cost of the Option Contract, and it should NOT be given as a credit toward the purchase of the property. 

Some considerations are the type of loan (Conventional, DSCR, etc), the type of property, the market the property is in, the location, your income and employment, the timeframe on the cashout - the list goes on.Generally speaking, you *should* be able to cashout refi up to 75-80% LTV of the appraised value after rehab, usually following a seasoning period.