The equity is really the largest wealth builder with RE, the cashflow is exciting seeing it hit your account but really a tiny percent of the total return. 

Your guests will be expecting a functional unit complete with proper clubs and balls for use. 

Kinda of a wholesale function but I do not take a wholesale fee of course. 

I’ve gained a much deeper understanding of construction, functionality, and true project costs, which will Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

As a result, those are replaced based on lack of functionality, rather than style.  

Whatever you can do to lower your largest expense- housing.

.: Quote from @Kyle Vogeler: I typically like to sell once I feel a property is stabilized and it will allow me to buy a bigger asset.Some people refinance, but I prefer to sell to suck out all the equity and purchase the largest property I can.

This is a question I get a lot, Cape Coral was actually in the top 10 largest cities by population in Florida with roughly 194,000 people in 2021.

It's the heartbeat and pulse in the forward view of the S&P.Russell 2000 is very functional off of the the dollar via the fed funds rate and overall treasury policies. 

Your maintenance/cap ex is higher as a function of rent.