So, to renovate an already functional space to make it more modern involves demo'ing something that has value to try to add something of more value BUT the value is limited because it is basement space.

Or maybe you want to do a combination of the above?

The taxes & Insurance ( combined) have gone up $200 a month since the lease was signed.

-Recent renovations - the more modern the interior is and more functional increase its value-Floor plans - you could have two identical office buildings but one with a better floor plan will sell for higher per sqft.

One way to do this very inexpensively is with a combination 6-20 and 5-15 plug: This uses very low cost wire and is basically a regular outlet except with 220V available for those with a matching EV travel charging cord.  

Out of 10,000 phone numbers (combining cell and landline), we only got 3,000 non-DNC-registered.

Can the combination of rent and appreciation qualify it as being held for investment purposes or will IRS say I was not trying to rent it and deny 1031?

The resulting number is the combination of the maximum cost to buy and rehab cost. 

IMO this is because of government fiscal policy, ie spending.Bad Government Fiscal Policy is Driving InflationDeficit spending is a snake eating its tail: deficit spending → more inflation → higher interest rates to slow inflation = more inflation = keep interest rates higher → debt more expensive / accelerates…..repeat.The US debt has is currently rising by $1 trillion every 100 days, or roughly the budget of our entire defense budget (which is larger than the next 10 countries combined).

I wrote a blog post that dives into the powerful combination of assumable loans and house hacking if you want to learn more!