Corona impacts will greatly impact this surplus but it is nice that the state had a $9B surplus.CA, over the last 10 years, had the 2nd largest net population increase of all 50 states (last I looked - I believe it to still be true). 

Disallowed losses under wash sale rules increase the cost basis of replacement securities, potentially reducing future taxable gains.This post does not create a CPA-Client relationship.

A tenant now enjoys these enhancements at $1400/month, showcasing the property’s increased value.

I can mark it up with a fee or by increasing the rate (or both, but I never do).

When I run the numbers based on these rents, the property operates at a negative cash flow.If I increase the studio's rent to $1,400 per month, the property becomes cash-flow positive.

(example - STR on the back end to increase cash flow)To me, forced apperception (BRRRR or buying at a discount) is a hedge against market corrections.

Owner occupied loans have allowed us to purchase properties in markets with heavy appreciation, and potential for huge rent increases.

If you can or do trust your PM company then speed can increase and costs decrease over time. 

Can you PROVE that the landscaping increases rents of ability to rent? 

It will actually be more difficult for your agent to procure a buyer off market - so the work actually increases.