Now, apparently after some improvements, the building with the parking garage has been deemed structurally sound and safe to occupy (based on an engineering report and formal subsequent notice from the HOA). 

In some areas, the city would require professional reports on geology, water run off, traffic and street improvements. 

So optimizing your draws will improve your return.

Most improvements are worth less than it costs to make.

Prices for existing homes that are fixer-uppers and ripe for an investor to improve and rent to a needly household have stagnated.

What improvements can you make to the property to lower your costs?

See how they are marketed and look for ways to improve your marketing.

If you or a contractor have made improvements to the property, were the required permits pulled from the county or local permitting office?

Constant Improvement is fabulous!

Renovations may have a major influence on the property's value in some locations while having less of an effect in others.Comparable Sales: To estimate the possible value gain from improvements, look for recent comparable sales (comps) in the neighborhood.