The market here in town is very competitive right now.

I'd go on ABnB and see what your competition is doing that you can copy.Maybe a Firepit out front (as long as it's not a fire hazard), maybe a cornhole set?

The Shadow Ln property presented a high-demand location and a competitive purchase price.

Assuming the Oakland rental market continues to remain stagnant/competitive with newer buildings going up, is property appreciation the only way to increasing wealth with my building?

Setting higher rates than the comps can definitely help attract guests who value quality, but it’s important to stay competitive within your market.

It's usually better to earn $200 less a month for one year than to sit vacant for two months, particularly in the winter.Consider a bigger drop for a 6-month lease to get through winter, then increase rent or find a new renter in the spring when competition is hotter.

So, scope out the competition on #1 & #2 above to understand what the rental or sale market expects.- You will lose money if you go overboard!

However, be prepared for limited inventory, higher competition, and possible compromises.

With fees doubling and competition heating up, you might want to rethink this investment.

The competition is fierce but I think you can still find great deals.