This tends to be the best return you can get in UT if you are in a life stage to be able to do it. 2. buy a decent single family home that already has a basement entrance and add a kitchen to make it an ADU.

On the other hand, our house has a brand new roof, brand new hot water heater and recently renovated kitchen with newer appliances.

@David Kitchen@Alena Ericksen Could I speak to you about partnering with Kris?

To summarize, I am fully equipped, licensed, and knowledgeable to handle all aspects of the actual repair, however my ignorance lies within the funding (hard money) and the business aspects of home flipping. 

Then I would still have to do additional work on kitchen,bathrooms, leak around chimney, garage doors, and other misc items.

To ensure your STR performs well, do your kitchen and bathrooms need to be fully renovated and updated?

They wonder why the property doesn’t rent quickly and can’t command top market rent when the kitchen and baths are dated, and the property overall vibe/aesthetic is lacking luster. 

The equipment and infrastructure?

I also did a full cosmetic update of the sunroom and kitchen and am slowly working my way through the house to do the rest of the rooms as well.

As if you purchase the property and update the kitchen from simply an out dated look that is not necessary but is recoverable.Essentially, if you get served a redemption notice you have to put together the line item costs that the redeeming party must pay to you in order for you to surrender title back.