People are living longer due to advances in healthcare, nutrition, and living conditions, but that longevity brings increased incidence of cognitive decline, chronic illness, mobility issues, and the need for daily support—physically, emotionally, and mentally.

For B-/C+, I would think function over form. 

YouTube is probably full of great content on budgeting and all the other functions you listed.

@Michael Hurdle use the search function.  

It means the property is safe, functional, durable, and able to pass inspection without delays.Here’s what rent-ready actually means in practice:1.

Have you; checked for code violations, seen the SPD, checked crime/safety, if tenants are paying, if mechanicals are properly functioning, flood zone, etc?

Even with small scale BRRR (just cosmetic/slight functional updates), ability to refinance within a handful of years is extremely important to have enough equity to pull out and repeat the process.

Value was created through targeted renovations that improved functionality, appearance, and overall buyer appeal.

If I can't visualize how I'd use the space, propsective applicants will feel the same.Both location and function are so important.

Successful operators maximize offseason programming (events, summer activities) to stabilize cash flow.Waterpark ResortsWhat defines them:Waterpark resorts include indoor or outdoor aquatic facilities of at least 10,000 square feet, featuring slides, pools, and interactive attractions designed to drive demand.Investor considerations:• Family-oriented demand with strong repeat visitation• Indoor parks can reduce seasonality• Water attractions significantly boost length of stay and ancillary spendKey risks:• Substantial upfront construction and mechanical costs• Ongoing safety, staffing, and maintenance requirements• Higher insurance and operational oversightInvestor takeaway:Waterpark resorts function as entertainment-anchored hospitality assets.