Hi, I’m looking for ways to increase the value of my four family without displacing tenants to do renovations.

With STRs, if the average stay is under 7 days and you materially participate (manage, renovate, coordinate bookings, oversee operations, etc.), the IRS lets you treat the activity as non-passive, even if you don’t meet REPs.

Investors need to pair a strong location with renovations that elevate the guest experience—high-end kitchens, spa-like bathrooms, and curated interior design are now essential.

when leases are up you can move the tenant or get a new one and renovate the other side. 

.- They charge me for getting estimates, even though PMs typically get them for free because of their volume.- They don’t get second estimates, so I can’t be sure their pricing is competitive.- They won’t visit the property to assess issues in person.- Refused to do rental showings despite written permission from my long-term existing tenant.

I know a lot of people ask about rent comps, so here’s what I’m seeing right now for 2–4 unit properties:1 bed units: $850–$1,0502 bed units: $1,050–$1,3003 bed units: $1,350–$1,650If anyone needs rent estimates for a specific property or neighborhood, drop the address or message me — happy to help run numbers.Hope this helps some of you looking at the NC market.— Shakur

After many inspections, professional opinions, and negotiations, I backed out because the price was too high vs. estimated renovation costs.  

The basement renovation will cost around $300K.My understanding is that it doesn’t make sense to do a cost segregation study now because we don’t have rental income to offset yet (we’re operating at a loss).

Do you currently use AI to help analyze deals or get more accurate estimates when calculating whether a deal will have positive cash flow? 

With looking at new construction you not only get the benefits of the property being off market and the incentives that comes with but you also don't have the time and headache of the renovation.