A 500 square foot backyard of grass is more valuable than a 500 square foot yard that is paved, but an appraiser will likely call it even.If you are trying to comp for ARV you want to be careful so you don't convince yourself you can get way more than you can.

Jill, I don't think this is the best approach... as some have already stated... you are essentially laying out your financial troubles (or at least giving an impression of them) and are asking for a 'community' effort and asking for those which are able to pay rent, to pay it and for those that can't to pass and then go on to address other peoples problems with mortgages - Tenants won't care about that and for those can make their payment or where able to but on the fence about making payment you have just paved road for a 'payment as desired' situation.

@Travis Henderson You could do contrasting trim, landscaping maybe in large pots, and make the paved area all one color.

When was the parking lot last paved, sealed? 

The Belt Line is paved, there are artworks and great landscaping along it, and the parks are being maintained. 

Could you handle it if the HOA decides to bump the HOA fees next year or hit you with a $3,000 special assessment to pave the parking lot and replace the roof?

I am looking for personal recommendations if you live in the Pittsburgh, PA area and have used asphalt paving contractors for work on your personal or investment real estate portfolio.See below for description of work needed:New blacktop installation for two parking spaces at the back of a residential property.

When I purchase the home, the driveway was paved.

  $7600 later to have it decontaminated and replace everything permeable I am wiped out many years of cash flow. 

West side of Cleveland, Oh9500 lorain ave cleveland oh 44102Needs FULL rehabComes with paved parking, very RARE on Lorain ave, also come with drawings and plans, over $20k value13 x 1 bedrooms ($600-650)2 x Efficiency ($500-550)1 x 2 bedroom ($800-850)When finished should bring in 9-10k monthly gross ( do your own DD)Asking $499,999Message if interested, won't last long!