In contrast, Chicago’s prime location drives higher rental rates compared to many other cities in the Midwest, which can significantly impact your return on investment.

Also, make sure to build trust with sellers and research Orlando’s zoning rules—they can really impact deals.

@Venecia BaezRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

We get into RE to have a positive impact on our lives.  

Just having an extra kitchen doesn't impact insurance eligibility. 

What have you seen make the biggest impact ? 

@Kendric BufordRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Each value add step in lumber is a doubling impact.  

However, this does not impact the sale proceeds.This post does not create a CPA-Client relationship.

And moving from a triplex to fourplex generally has no impact to the $/sq ft appraisal.