The ways around this are usually: (1) switch from replacement cost to actual cash value (ACV) or functional replacement cost, so the insured value better matches the real economic value, and (2) use an agreed value/stated amount endorsement so the company agrees up front to a lower limit without hitting you with a coinsurance penalty.

Each improvement was designed to increase appeal, enhance functionality, and position the property competitively for resale.What was the outcome?

For many syndicators I suspect they could not function economically without up front fee's so in their structure is expected most of the time. 2.

In the property search, the home should have a good layout, is nicely refinished & fully functional for the target audience you are wanting to stay.

Here are a few brainstorming ideas:Outdoor LivingMust have potential for high-impact features like fire pits, hot tubs, dining areas, or outdoor games to significantly boost appeal.Views & ProximityProperties with desirable views or close proximity to water, nature, or main attractions offer an enhanced guest experience.Premium Interior FeaturesPotential for dedicated game rooms, high-speed Wi-Fi, or comfortable dedicated workspaces to cater to diverse guest needs.Easy ParkingAdequate and convenient parking for the expected guest group size is critical for convenience and securing 5-star reviews.Garage to Game Room ConversionIf driveway parking is plentiful, converting a garage into a functional game room or extra living space offers amazing added value.Noise & Light AbatementEnsuring quiet enjoyment of the property through noise reduction measures enhances guest comfort and prevents issues with neighbors.

Another function of PetScreening.com is that they track the animal’s vaccination and let the tenant and LL know when a vaccination is due. 

You might have better luck looking for a home with a really functional layout—like a 4-bed with a dedicated study or a 5-bedroom home.

As others have said, the remaining useful life of major systems matters far more than whether something is still functioning today.

Their appliances are often deeply discounted and still function like new.

Separate “must-do for safety/function” from “nice-to-have to increase ARV.”For BRRRR, the only things that must be done upfront are the items an appraiser, inspector, or tenant would flag as functional or safety issues, plumbing, electrical, bathroom addition, paint, etc.