Over time, rents may increase, improving your cash flow, and you’ll gain equity and valuable experience managing tenants and property operations.

This is usually done to increase your rental income but it comes with a price as you are finding out.  

The wrestling and wrangling you would have to do to collect would never be worth your time. 

However, some amenities consistently deliver high value because they attract more bookings, increase nightly rates, or result in better guest reviews.

Because here, the proposal would increase property taxes about 5x.  

The median home sold price reached $582,329, reflecting a 9.7% increase from the previous year, with a median price per square foot of $325.

We have a property management company in New Jersey where we make some of our best clients hundreds of thousands of dollars between helping them force appreciation, increase cash flow, finding them deals etc.

Thus increasing density ratio.

I think it is a good market with growth potential and it still has properties they can be purchased from wholesalers for around $150,000 that after you put $40,000 they are worth around $240,000.  

The equity is actually what you are paying for the property.In this case let's look at the numbers that count,...the current numbers.You have about $500k or more in equity, which is buying you a property that's worth about $700k (I went with the lower PV.