Does not seem like any way to alter this either.Thanks 

With a kid as translator? 

Hopefully if they arent incurring all these costs and the city gets better youll see taxes go down and the neighborhood improve which will translate to more money for you in the long run.

Good evening everyone,I want to get your thoughts on whether repainting the exterior and rehabbing my landscape will alter the appraisal of my home enough to warrant the cost of said updates.  

Translated back to dollars, I can get close to 20k net annual rent without additional capital, but by renting two SFHs instead of one.  

That means that your $1K/month would translate into a higher than $1K/month (taxed) salary from a W-2 type job, since your employer will take out taxes.

Like say 5 times gross would translate to an offer of $500,000.  

We could no longer increase our cost basis by doing basic renovations when we buy and this will lead to less that we can write off in depreciation, which translates to more taxes we'll pay on our cashflow.

(1) "Contractor" includes any person, firm, corporation, or other entity who or which, in the pursuit of an independent business undertakes to, or offers to undertake, or submits a bid to, construct, alter, repair, add to, subtract from, improve, develop, move, wreck, or demolish any building, highway, road, railroad, excavation or other structure, project, development, or improvement attached to real estate or to do any part thereof including the installation of carpeting or other floor covering, the erection of scaffolding or other structures or works in connection therewith, the installation or repair of roofing or siding, performing tree removal services, or cabinet or similar installation; or, who, to do similar work upon his or her own property, employs members of more than one trade upon a single job or project or under a single building permit except as otherwise provided in this chapter.

The downside of an oil town is that a major change in the price of oil can alter these indicators in an instant.