.- the 3 local need a lot of work, she has been cutting rent due to not having updated flooring, appliances, etc.

If income grows faster than rent then the home appreciation can still accelarate rapidly especially when city inventory is reducing....Also the very basic component of home appreciation is money being circulated and not primarily the income in that area.

It's unfortunate but this is a hard business some times people just can't cut it even if they've had some success before.

And when they cut rates, the demand should increase as people who could afford to wait enter the market to either trade or to stop renting. 

Just to add my two cents, I think the most important aspect to be a successful investor, in any market, is to have an excellent team in place that will help cut your learning curve significantly, help you to quickly identify the prime areas to invest in that market and manage your properties effectively!  

It's available for certain components of any kind of properties.

However, the value of your labor generally cannot be included in the cost basis for depreciation purposes.Accelerated Depreciation: A cost segregation study would identify components of your property that can be depreciated over shorter periods, such as personal property and land improvements.

It applies to certain components only, such as carpets, appliance, fences etc.4.

My taxes are fairly detailed and comprehensive, definitely not cheap.When I wouldn’t get a response back, yet they were responding quickly to posts here in BP, I had to cut my ties.Best to you

In that case, it may make more sense to convert existing components of a home (attached/detached garage) into additional rentable space rather than building an additional structure.