Repairs like fixing faucets can be deducted in the year they are performed, while improvements like insulation must be capitalized and depreciated over time.

The asking rent growth rate decline of 2.7% observed over the past 12 months compares unfavorably to the long-term performance of the metro, and rent growth deceleration has been shared broadly among the Los Angeles metropolitan area's thirty-seven apartment submarkets.Competitive Inventory, Household Formations, AbsorptionThe first quarter added 6,770 net new households to the Los Angeles MSA.

If it requires me to be there to make it perform for cash flow then it is a job.

Maybe double check comps and make sure the marketing is performing well.

I may have property that has an old abandoned auto shop I can remodel and repurpose to a commercial kitchen.

What "is" financially responsible is easily accessible to find, as is the simple math performed above.

@Farzan SetayeshNot a local investor, but here is a data driven look at the market conditions in McAllen TexasTwo of the most important market performance indicators, population and median home values, have been increasing steadily for the past decade   Rents have followed a similar trend The chart to the right shows median household incomes over time, which have also been increasing. 

Located on the elbow of the shopping center. 

Thanks,BrandonThe only way I would trust those projected returns is if they have a previous performance record to back it up.

Reason being, if you're shopping for a new PM, a nicer property with less of a hassle on maintenance will open that pool up.