So, tenants will typically be attracted to a newer rental vs older - all else being the same.- Reality though, is that "all else" is rarely the same as most new homes are built in subdivisions - so, location compared to an older home will be different.Biggest difference is deferred maintenance.Most owners allow their SFR properties to degrade over time to maximize cashflow.

These are  renovation that fall within price points that customarily attract contractors who require up front deposits.

Instead of chasing, you attract people ready to talk.Can be systematized and scaled once you dial in your market.Cons:Costly upfront.

Question, what makes Newark more attractive than Jersey City, in your opinion?

Expanding to a three bedroom will likely attract a stronger tenant base and bring in higher rent, which makes the extra investment easier to justify over time.

If you’re doing STRs or MTRs, location and amenities definitely matter because tenant demand is tied to things like hospitals, outdoor attractions, and travel patterns.

Renting the basement as is could work, but keep in mind that unfinished spaces with limited access to kitchen and bathroom might limit how much you can charge and the type of tenant you attract.

While searching for the tax optimizing strategy, the real estate professional status seems attractive.

For me, it’s easier to make up the difference by having a fuller calendar rather than playing around with exact fee offsets.I’d rather price competitively so I stay attractive in search results and let volume carry the revenue.

Cities with high growth AV not %(skewed) that could attract more than one industry.