You won't get a much bang for your buck on things like updating a kitchen or roof, because those are necessities.

Everyone wastes money every day on frivolous social "necessities" that they can all do without.

The rent-ability of the unit does not change much but based upon the size of the property it would potentially reduce necessity for third party management.

Even still, a lot of times people are selling out of necessity and may not be in the best of moods as people come through their home.  

The difference is one is a customer of a beauty salon by choice whereas one is a tenant out of necessity.

However, for those that have lived in the neighborhood as Renters, particularly non-Rent Stabilized apts, for a long time and have not improved their personal economics to the same degree of the neighborhood, this really presents a problem.They basically get completely priced out of the market.Even for those that hold on to their rent protected apartments, and there are a LOT of those kinds of apartments, their rents are much lower than the current Market Value, BUT they find themselves with very few options for lower priced necessities like Food and Pharmaceuticals.For the non-Rent protected Apts, having the option of AirBnB, allows the Renter to be able to stay in their apt, even if they couldn't afford it because generally, you can make as much money for the entire month's rent in probably a week or two.For the savvy Renter, he starts to look at his apartment not as a place to settle down and call home, but as a place where he can improve his economics.

I often come back to BP to see what else I may be missing from my assessments like the legal / eviction costs you mentioned in another post that are necessities for NYC.Thank you for the book recommendation.

What I am saying is do not flourish or falter based on closing the next transaction out of necessity.

It bothers me that our whole society was basically told that degrees are a necessity yet many with degrees are still having difficulty finding jobs in their chosen field.  

Before most of the students were ready to do their first deals, the 100% funding was abruptly taken off the table leaving the students with the grim reality and necessity of making down payments of 20% on their deals - something they were not prepared to do and which they had been specifically told they would not have to do.