That’s great advice to evaluate the potential increased cash flow versus applying the extra money to a different asset. 

These are critical aspects that can influence not only your budget but also the overall feasibility of the project.However, if you’re looking for a lower-cost value add, turning the shed into a high-quality storage space could be a solid first step.

I also think it makes sense to renovate in Humboldt due to the ongoing gentrification and also the increasing rents. 

However if you are lucky you might still find some places suitable for solar farm and yet to be noticed, especially after the increased interest in community solar.

Tenant Relations: A property manager with excellent tenant management skills can reduce turnover and increase tenant satisfaction.

This is giving me an increased sense of caution and I appreciate the heads up on the impact of these other factors on what I'm seeing in these listings.It seems so daunting to get at the truth and the details, especially for a first go round.

If it costs X and increases to Y then Y is the new value.

eg month 1 rent $1600, late fee $160, month 2 they pay $1600, but PM deducts $160 from the unpaid late fee and then adds another late fee of 10% (and presumably of the rent plus late fee so it increases each month)? 

Will taxes continue to increase?

I have my title agent look into it and found out that they are charging us more than it is supposed to be. the amount increases from 9000 to 13000.