For appreciating CA properties this could easily be a 7 digit step up in value but i would think in all CA markets would be significant.  

Thanks.Hi Courtney,BiggerPockets Pro members get access to all Stessa core (free tier) functionality – plus unlock exclusive access to advanced features, like unlimited portfolios and Schedule of Real Estate Owned (SREO), all at no additional cost.BiggerPockets Pro members have free access to all Stessa’s featured benefits as well as advanced features, like unlimited portfolios and Schedule of Real Estate Owned (SREO) – giving Pro members exclusive value not offered to Stessa Free members.Simplify tax time and help maximize deductions Organize financial data and accountingEasily track key property metrics to optimize and boost ROI. 

The beauty of this is that intermediaries who work with me know that I make “fair” offers based on VERIFIABLE facts, that I follow through with completed deals unless important information was with held or information provided was false, and that there’s absolutely no value in presenting deals to me where the seller/borrower/investor is unrealistic, naive, or otherwise wanting to “test” the market.  

How did you add value to the deal?

In addition, condos tend to not appreciate as fast in value compared to single-family or multi-family homes. 

If land values are increasing significantly, you can back-end load the seller financing for a percentage of the profit when you sell.To add to prior comment, how many septic tanks do you have?

I also see value in of living on the property and learning what property management entails.

The second that the ~$1400 face value of a 3 bedroom voucher is going to get you that rent rate).

They tend to cost more to construct then they add in value, they are generally more valuable for a property you are holding as a way to generate more income.

When vacancies occur, obviously try to maximize value for yourself.