But, insurance costs are likely to rise, making getting mortgages for most people even harder to get.What is likely to happen is more creative financing going forward, private lending to increase and smaller houses being built in the future. 

I still think it is a good area to invest in despite the increases in cost.  

Do you see any new rental property up in the market has increased rent since L.A. fire issue?

Also, gifting real property generally would require an appraisal as well, which could increase costs, too.  

Last year was back to earth; a glut of available properties drove the rates down for everyone and a drop in visitors also increased vacancies.

The property's appeal increased dramatically, attracting numerous potential buyers.

With $100k in equity, you might be able to secure financing for a smaller rental property without significantly increasing your housing payment.    

And as time goes by, rents will increase and your income will look better and better.My first investment in 2004 made $35 more than the mortgage.

Additionally, what do you look for in a property to increase the value i.e. what are typical items to target?

I recommend you do this annually to adjust for utility increases and other variables.