Without actually building the 3rd unit, would this new triplex eligibility increase my property's value? 

The importance of lowering expenses and increasing efficiency to maximize property income.

DSCR in not currently in our toolbox, but I'm recommending to my partners that we should embrace this product.Mike

That will show what proposed tax increase you will see.

And then we have to realize that there are people who actually approve of all those things you mention....I know, how could anyone embrace those policies?

If so, you will need to apply for a change of number of bedrooms on the standard CHA rent increase form.

It does beat the expected inflation rate of 2% set by the Fed.Rents will remain about the sameWhat’s interesting is they also expect:A 11.7% increase in existing home inventory followed by Single-family new home starts growing at an impressive 13.8%. 

The median home value in Phoenix as of April 2023 was $368,657, which is a 23.5% increase from the previous year. 

This is where you can significantly increase the value of the property by making improvements that attract quality tenants and justify a higher rental price.

That property is now a reliable source of rental income and a constant reminder that success starts with taking action, learning on the fly, and embracing challenges head-on.