Once they start getting close to the total number of houses to be built, I will be watching closely for any signs of a softening market and then get out.The biggest issue is whether you can buy something at the current prices and make the numbers work.

Up until the second half of this post (of which all of us are off topic) none of what you contributed was directed to the post at hand.Furthermore, your sudden softening of tone is interesting to me.

A mistake that some SF landlords make is raising the rents to the maximum but then don't monitor when there is a softening and they lose their tenant. 

It also looks like the threshold wasn't put in properly (which was replaced two days before they moved in) and this has completely softened the laminate when you first walk in.

Obviously the numbers are fictional - but the point being that putting yourself through a reno will cost in the way of time, money, and a softening market.

In my opinion the market is softening a bit to return to normal Houston levels.

This gives you little time to market for a replacement renter.Another thing you might want to consider is the rental market might be softening.  

Also depending on the quality of the water it might have a softener and you would have to replace the filter every couple of months.

I was not willing to do occupancy but probably could have softened the no response with some alternate suggestion.

Also, depending on if you have hard water in your part of the country and no water softener, it may be a plugged or clogged screen just behind the shower head as well.