We have slowly upgraded the property by adding in a new driveway, walkway, new duct work under the house, updated the landscaping for curb appeal, installed recessed lighting and ceiling fans throughout the house and repainted all the interior rooms.

I found a house in which the numbers look good but my real estate agent has told me it has really bad curb appeal and that it would take longer to sell.

neighborhoods, general appeal to Americans, the ability to pare off a single unit (you can't chop off 5 of your worse apartments), diversified geographic locations (if the neighborhood your apartment building is in tanks, you tank), etc.

That cash flow sounds appealing though and would likely meet my criteria. 

Hello BPers,Please advise how to how to appeal property tax increase in Flordia while leaving out of a state of Flordia?

They monitor transfers and will appeal the taxes if they suspect some thing; it is only paperwork to start the process.As well there are certain risks / issues you should be aware of;- As noted above, you have to take on the sellers original purchase cost which limits future depreciation- If there are / might be any outstanding liens, they will be yours to deal with- The tri-annual re-appraisal, is being done this year.

I don't know Austin well. but I do know Austin is basically the highest priced and I think coolest city in Texas at least I have been told.so it could go up in leaps and bounds.. and keep in mind in these areas again its not like the mid west were rents are basically static and have been for the 20 years I have been funding deals all through the mid west.. rents on the west coast and MAYBE in hot markets like Austin could go up 400 a month in a few years and now its break even... unless you can own A LOT of doors small cash flow is just not all that appealing what is a few hundred a month on 2 houses going to do for you..

During a downturn, low cost homes are always appealing... that type of mentality still lacking?

Cheapest (but less permanent or visually appealing)1. 

I get that I may not appeal to you, but it is my plan and it has been working.