I have a contractor who gave me two options:1) Do the things listed above - which is under the budget I set for the reno as part of the due diligence process2) Do all the 'must-do' items, and also replace the roof (roof is 12-15 years old but passed inspection), vinyl siding, cover the existing hardwood flooring with LVP, and upgrade the kitchen - items that aren't absolutely necessary to do now, but would increase the appraisal and reduce maintenance costs in the future.

That being said, I would expect an itemized receipt that breaks down, what had to be done. 

Hi Stan, It would be helpful to provide more information.For example a few immediate items (but not all):1)  what are you looking to buy? 

This is a delicate situation, both financially and emotionally.

I said "No Way" to lowering the price and orreplacing brand new or newer items that are in perfect workingorder....

Look at the items on the credit score. 

Handyman typically handle smaller items or cheaper fixes.

It also helps that I inform my guests that a starter supply of paper and plastic items are provided and ask them to replace any items they have used up. ( This may not be popular with others but I have never had a complaint and for the most part,  items used are replaced)

Rates, occupancy, design, location still matter.Action Items This WeekReach out to 2 cost segregation firms and ask for a preliminary estimate for STR properties in your state.Add a line in your next deal underwriting model: “Tax savings from cost segregation” and test a conservative number.Review your current property management logs: are you tracking your hours/material participation?

Is there any feedback/ suggestions or items to improve the home for the next guest stay?"