One way I personally manage costs is by being strategic about finishes since those expenses can add up quickly, so if a high-end upgrade isn’t necessary to sell successfully in your market, it may be worth skipping or scaling back.

Dallas duplex market vs. your budgetDuplexes in Dallas proper often run higher than $400k, especially in hot submarkets (East Dallas, Bishop Arts, etc.).But if you look just outside (Garland, Mesquite, Arlington, parts of Irving), you can still find duplexes closer to that price point.Most will not be “fully turnkey” at $400k — which actually works in your favor since you’re planning light cosmetic upgrades.2.

Managing renovations remotely without your own local representative performing overwatch will inevitably lead to problems.Leverage matters: Working with an experienced team that manages multiple projects ensures vendors take every job seriously, large or small.Renovate smartly: Focus only on upgrades that match your target tenant segment and can be cost justified.With the right team, clear documentation, and consistent oversight, remote renovations can be just as effective as local ones.

By carefully aligning upgrades with comparable homes in the area, we maximized resale value without overspending.

.* Full Home Inspection - Whether you go FHA or Home Possible to House Hack* Mechanics and Roof should be solid* Cosmetic upgrades don't turn into full gut jobs.Let me know if you have any questions.Regards,Joe Scorese

Even small upgrades or flexible lease terms can dramatically increase long-term occupancy.Data-driven rent strategy: Monitoring comparable rents and adjusting strategically prevents turnover while keeping your units competitive.Combining proactive marketing with strong management and transparent financial reporting is really the key — keeps cashflow consistent and stress levels down!

We had to devise systems and what we had come up with is the cleaners cleaning the tub when used (put tape on cover, if seal was broken then it was to be cleaned). 

Things like closing costs, rate buydowns, or upgrades can add real value without affecting comps. 

Upgrades do not need to be extensive or expensive.

Start lean, then upgrade to an STR-specialized CPA once your income grows.