Understanding market conditions is key, and getting to know the little things that have huge value influences, now if you have a cookie cutter home with plenty of sales it pretty easy, but if its an oddball with little market activity, it can be kind of a crap shoot, go with your gut and be conservative on the numbers, its way better to be off on the low side than way over valuing. good luck!

I have created a Google Chrome extension that boosts your property browsing experience, by offering filtering abilities on displayed properties (if you don't know what a google chrome extension is, its an app that runs on your browser instead of on your smartphone).I have big plans for this mini app, and I need your help in validating I am in the correct direction.

Now that my property  is worth more because it is shooting off more income (on larger multi-family and commercial, value is strongly related to NOI - hence, you can significantly effect capital appreciation with minimal broad market influence), I can further raise the IRR by cashing out a refi or selling for nice profit.

Only you can tell if this is a good deal, and if you don't know, I would suggest you pull back and better define your retirement goals, which will influence your investing goals, which will determine your buying criteria.

@Thomas S.I agree with your thoughts on not fixing what’s broke, but I think there’s some real opportunity for some forced appreciation in addition to increased rent if I can boost the curb appeal.$15,000 is probably a bit overboard, but I can do most labor myself, so $15,000 worth of work may in reality cost me half or a third of that in materials cost.

Just having a Zillow account won't generate leads - you need to get 5 5-star ratings to boost you profile and make sure you are quick to respond to anything that does come through. 

Also, are there any other small hints or tips or boosting the value if we cannot add on any more square footage to the property?

Read those minutes and see if they are proposing any plans that will influence the owners financially, like a special assessment, changing rental requirements, etc etc. 

You'd certainly boost NOI and thus value by passing that expense off to the tenant.It's a significant capital outlay, so run the numbers. 

If you are new, your sphere of influence (friends, family, previous coworkers, etc.) is the best way to get started.