Wall Street thought we were going to get six- eight rate reductions this year we’ve seen none so far and stagflation is setting in , the Fed is trapped , if they reduce rates now , inflation could catch on fire if they increase them again too much something in the economy will break I think we’re in this holding pattern for one to two years personally, I don’t claim to be a macro economic expert, but I do study it quite a bit and I’m not counting on or expecting rates to come down anytime soon and even if they do, they’ll just be small quarter-point rate hikes not enough to make a huge difference in cashflow, so ..I either hold and if they do decrease rates, there will  probably be another asset inflation bubble, which will increase my appreciation, or my cell and deploy the capital more wisely and look for some market softening and buy a good deal

Bedrooms in STR do not need closets, so putting up a partition wall should be pretty straightforward.Hope this helps, good luck!

Do a walkthrough at least 2x a year to check for loose wall trim, broken railing brackets etc. 

We know DSCR lenders are backed by large wall street hedge funds everyone knows that and they have millions if not billions behind them anything but a private lender who is someone you know personally etc.. its one reason they can do non QM and take that huge risk of only basically lending on the asset and its cash flow. 

The investor gets to control the investment versus wall street or the company owners.6.  

Keep in mind that adding a bedroom doesn't mean just adding a new room with 4 walls and a door. 

When you have tenants sign a lease, do you include any rules about what they should hang on the walls?

Flooring, walls, roof, electrical, egress with windows and I think there is something about having a door that exits the home... not just into the home. 

I am a professional painter, we typically spray and backroll any drywall or other wall/ceiling surfaces. 

This step must be done carefully to avoid further damage.Structural Repairs: Address any structural damage first, including the roof, walls, and foundation.Systems Repair: Repair or replace electrical, plumbing, and HVAC systems as needed.Interior Restoration: Once the structural and system repairs are complete, focus on restoring the interior, including insulation, drywall, flooring, and fixtures.Safety and Health Concerns:Air Quality: Ensure proper ventilation and air quality during and after the restoration process to remove smoke odors and contaminants.Mold Remediation: Check for and address any mold growth, which can be a common issue in fire-damaged properties due to water used in firefighting.Final Inspections:City Inspections: Coordinate with the city for final inspections to ensure that the property is safe and habitable.Fire Department Clearance: Obtain clearance from the Fire Department confirming that the property is safe to occupy.I hope this helps, best of luck!