At my point in life everything I own is both a cash flow superstar and appreciating nicely, because I'm invested in growing, popular areas.If I was just starting off now, I'd probably be aiming for value-add in good areas where I could either live there while improving the unit(s) - ie a duplex, triplex - or where I could trade sweat equity for profit, or both.

@Elan Adler do it as a token of appreciation and a pay ahead for other folks that search  BP agents and realize this.The decision to pursue this property isn't terrible, but I think it's for different reasons.

This upgrade not only improved comfort but also significantly modernized the property.

This negative initial cash flow improves quickly.  

For improvements to our process, I’ll say yes to all showings and update and reduce the # photos. 

Apparently there is good money in writing reports:U.S.Department of EducationInstead of improving outcomes for students, here’s where taxpayer dollars were going:$3,000,000 contract to write a report that showed that prior reports were not read by anyone$1,400,000 contract to physically observe mailing and clerical operations (to watch people type)

Search the BP for ADU appraisals to encounter numerous examples.

Many people search here before they send off money.There are many threads about this.

You can usually find some events by doing a simple google search.

I initially accepted it as an improvement.