Appraisers are slightly unpredictable (I’ve had to challenge 2 appraisals and won) and a new roof can assist in you receiving the appraised value that you need to BRRRR

Demand doesn't seem likely to decrease substantially, unless a sudden, unpredictable event triggers it.

Enzennio, If you do some reading, you'll see Mike owns quite a number of rental properties.Any number you put in a spreadsheet for appreciation is nothing but a guess.Pretty hard to predict operating costs when a lot of the biggies are very unpredictable.

CAPEX doesn't occur on a predictable schedule.What I have observed over time is that CAPEX is unpredictable.

Markets are unpredictable, so it is hard to speculate what something will be in the future.

Contractors get screwed very often by these kinds of agreements, and investors get screwed very often too.There's a place and a time for T&M... it's on unique projects with deep pockets and totally unpredictable outcomes.

My brother sold another home in the area - listed it for $969k based on comps and before the open house even took place had an offer for $1.1M.The house is in such need of getting fixed up I get concerned that offers will be a little bit more unpredictable....

As long as this also happens, expect price adjustments to be somewhat unpredictable.

The rest is personal, and there's no tax reason to do it in advance of moving in.One more consideration: life is unpredictable.

Appreciation is too unpredictable.