I was told it was due to the value increasing

Subtract depreciation, explained here:https://www.biggerpockets.com/forums/51/topics/1121063-expla...Because of Step 2, depreciation, many cash-flowing rentals end up showing $0 net profit, resulting in no tax increase and sometimes in tax decrease.

Personally, I would not create a conversation around this "risk" as that is a sure fire way to increase the sellers anxiety. 

When renovating a walk-out single-family home to create a separate legal unit in the basement, removing the interior stairs can increase usable square footage and enhance security between the two units.

If it were zer0 dollars out of pocket without increasing the loan amount, it seems like a no brainer, but increasing the loan has me skeptical.

Personally I'd rather sell or trade down @Bob Willis. if I needed to increase my lifestyle which I don't.

The multi-family market has remained strong, and if rates decrease I think we see more buyers in the market irregardless of property tax increases.

The property had good bones and a solid structure, making it a great candidate for renovations that could increase its value.

The property had good bones and a solid structure, making it a great candidate for renovations that could increase its value.

I have not increased their rent (although I should have).