That being said it’s worth understanding what’s working locally as your next step varies jurisdiction to jurisdiction.

The most successful real estate agents understand that prospecting and lead generation is the MOST IMPORTANT part of their business.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

My understanding is that the ballpark standard of "unless it would be outrageously tough" (something along those lines) is what applies if you're doing a rehab, seeking new permits, doing structural changes anyways, and things of that nature.For existing pre-ADA structures, my understanding is that the standard is more along the lines of "if it can be easily/cheaply done, you have to do it."

Most likely your conclusion is correct, but the only way to confirm it is by having a real estate accountant review your tax situation.Also, please read this introduction if you want to better understand the concept:https://www.biggerpockets.com/forums/51/topics/1075919-five-...

Start by deepening your understanding of CRE fundamentals, including net operating income (NOI), cap rates, and lease structures like triple net (NNN).

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

I don't understand why you've owned an investment for 27 years and only cash flow $600 a month.

If you can learn to understand the fundamentals of a given market you can make informed investment decisions. 

I am hoping to learn more about how investors analyze their deals and make decisions, as well as looking to better understand general real estate investing.