If you have blueprints and enough information, I am sure a licensed appraiser can give you a better estimate of ARV.If I do a CMA and estimate it merely based on the numbers you provided, you are looking at an average of $3MM +/- 500K.

Remember, the value added to your property through thoughtful landscaping extends beyond mere curb appeal; it contributes to a positive living experience, encouraging tenant satisfaction and retention.

For example, when the entire town of Paradise, CA burned down a few years ago, many non-admitted insurers became insolvent leaving their policy holders high and dry.

Conveniently located for commuters, a bus stop is merely 10 steps away, making it an ideal residence for those seeking both luxury and practicality.

The Trustee sales you see shown on the site, at least in Maryland, are merely an additional form of advertisement.

I merely want to know about reference materials on this subject and is my idea doable? 

(This is not legal advice, merely my opinion.)

It merely creates amazing buying oppurtunities.

The things we had requested were merely that he maintain California construction standards.

Any tax advantages are merely a BONUS side product.The way I figure it, the OP should still be up for more tax each year than if he fell for the trap of investing into negatively cash flowing properties PURELY for the tax deductions and hope of future appreciation - but, not NEARLY as much extra tax than if he hardly leveraged his investments at all.