@Michael Baum I suppose in theory the only way we could really lose is if for whatever reason the government recommends non-essential travel be limited.

One bathroom gut rehab and other bathroom basic clean and vanity change -> 6k - 9k7.

If none, you can go without, but essentially it is insurance... 

Airbnb, VRBO, etc, doesn't matter what you use for listings, in the end you are essentially running a micro-hotel and like most businesses you need to optimize systems and processes, make sure your customers (all your customers) are having a 5-star experience and keeping your liabilities limited the best you can. 

Bottom basement unit is above grade, got separate kitchen, bathroom and entrance.

I plan to put in a second bathroom, eventually.

If you plan on doing more extensive renovations after a tenant moves out, like replacing flooring type, appliances, cabinets, countertops, bathroom renovations, this would be considered CapEx because it adds value to the property.

Closing went without any major hiccups, now in the process of making updates to the kitchens and bathrooms to maximize my ROI.

I added 194 sf to the property with an additional bathroom added. i expanded the master bedroom and added a master walk in closet. i added a 200 sf deck and put in french doors from the dinning rm to open up the space to the back yard.

I added 194 sf to the property with an additional bathroom added. i expanded the master bedroom and added a master walk in closet. i added a 200 sf deck and put in french doors from the dinning rm to open up the space to the back yard.