Only about $3k was spent to make upgrades and improvements to the property.

As a property management company in Washington, we help owners navigate these challenges and optimize profitability if they want assistance analyzing their property or planning future strategies.

Challenges?

@Pratik as @Neil Narayan mentioned, cash flow is very challenging due to the property values, property taxes, and soft rental market.

With inflation driving up day-to-day expenses, saving enough to buy your first home is more of a challenge.

Is there a specific challenge you are trying to solve for? 

BTW, I am not disputing you, just playing devil's advocate and wanting someone to challenge my thinking. 

From a tax perspective, you'll want to take what you paid for the property plus calculate the improvements you made to the property during your time of ownership.

We invested $55,000 in key renovations, focusing on modernizing the interiors, improving curb appeal, and ensuring the property met market expectations.

You can add different ways to reach out to improve your conversion for owners you are hitting or you can increase the amount you are sending.