@Farzan SetayeshNot a local investor, but here is a data driven look at the market conditions in McAllen TexasTwo of the most important market performance indicators, population and median home values, have been increasing steadily for the past decade   Rents have followed a similar trend The chart to the right shows median household incomes over time, which have also been increasing. 

You need to pull comps for what homes in a similar area, similar condition and similar size are renting for, that is what market rent should be.

I currently own 1 SFH and 6 multis of various size the largest being 8 units.

@Mei Zhu We recently did a shower with tile to maximize the space because the surround that was available for the size took about 2” off per side making it really small.

Maybe a different way to go about it is evaluating the market rate for a rental of that size.  

Given your plans to use VA loans for multiple properties, it’s important to consider a few key factors when deciding on your next purchase.Since you’re already using a VA loan for the 2300 sqft home, it’s understandable to think about the size of your future properties.

Market OverviewThe Los Angeles apartment market is comprised of 864,197 units in thirty-seven geographic concentrations ranging in size from the 62,684 unit Hollywood/Silver Lake submarket to the Tujunga/La Crescenta/Montrose submarket, which amounts to 5,448 units.

Talk about how good the schools are, how close to the beaches or other attractions, Size/type of kitchen, ease of maintenance of swimming pool if in place or jet powered swim lane, Covered parking if so, etc. 

., and pick it up in three days, and in colors and sizes not picked by a homeowner, there is little or no bidding.

Enlarging master bath: again, this depends on the size of the bedroom itself and still being functional in its smaller format.