For portfolio health, cap your exposure per sponsor/market, keep a simple dashboard of distributions vs pro forma, and do quarterly check‑ins to re‑underwrite assumptions and decide hold, add, or pause.

Something that we value tremendously (regardless of the appraisers opinion ) and are working on adding an off grid hot tub, outdoor sauna with water side jungle-gym.

@Andrew Foster some decent advice here, but also some feedback from those who really don't have enough info to support their perspective.Many DIY investors price repairs on materials only and forget about labor as they do their own work.We're a PMC in Metro Detroit, but here's how our process would work:1) MoveOut Video & Pics used to create Scope Of Work (SOW)2) SOW broken down into Priority Categories:- Health & Safety- Government Required (municipality/S8 inspection requirements)- Property Preservation- Marketing Impact / Tenant Retention- Miscellaneous3) Bids obtained if we feel work will exceed Owner Approval Threshold4) Bid sent & discussed with owner to, "redline to their budget"5) Work begins once owner approves & funds6) Completion video/pics providedOf course, while this is going on our Marketing Dept would be doing a rental analysis & ad, and discussing with owner.

I would love to be a resource for you as a lender, and I actually also have a masters in mental health counseling.

Ideally Health & Safety or Rents & Profits in CA, TX, AZ, NV.Thanks in advance!

It also comes with a restaurant that hasn’t been in service for 40 years, but the structure is in surprisingly good shape.Here’s what I’m thinking through so far:Standard due diligence: +Phase 1 and 2 environmental, city plans/zoning, health department approvals for bringing the restaurant back online.Talking to the Army Corps of Engineers and the local harbormaster about dredging (not something I’d do immediately but want to know long-term outlook) and figure out generic cost for budgeting purposes. 

But otherwise it's just a requirement in this market like a hot tub is in the smokies.

A bit like having a health coach sit in on your doctor's appointment to ask the questions you might not have thought to ask.

Arcades, saunas, hot tubs, projector screens with video games, fire pits, murals (for IG) bikes and toys - whatever delivers a home away from home experience that likely could not be replicated at a hotel/motel. - Design.

To have a performing Airbnb, you need to easily invest $30-60k between furniture, designer fees etc. without even considering hot tub or other big amenities.