Some states , each county requires a separate license , that can add up to thousands to the contractor yearly , and they may only do one job in that area , so billing to the customer is understandable .

Make sure the rent from the other parts covers your loan, taxes, and other costs.

If the cost is more than the benefit, don't do the repair.

However, maintenance costs seemed to be never ending. 

The cost of a marine grade grill is hard to justify for a STR.

If you can avoid doing an Ellis Act that'd be ideal, b/c it's still going to "cost you" in other ways.

House hacking helps you grow wealth and cut down on your home loan costs by letting others live in your place.

There's the down payment, the closing costs AND the delta between what's left on the loan and their offered price.AND don't forget the time involved to assume the loan.

Go with Hostaway, great cost-benefit, and it's integrated with Turno as well!

Also, this new investor could have been exceptionally exaggeration of the ARV without mentioning the rehab costs and the disposition cost after completion.