Your adjusted cost basis is the purchase price plus capitalized improvements minus depreciation. 

You might also want to get more details on the applicant with the bankruptcy to ensure their financial situation has improved.

Now, for my fellow investors that have agents working for them on acquiring properties for y'all, what are some key tips or things that you would love to see us agents improve more upon or see us do better at when working with you guys?

I would like if you ever need a licensed GC to do renovations/Tenant Improvement projects I have a group for that.  

I also am aware that we are increasing our net worth through real estate, but we are paying so much in taxes and cannot claim the renovations or improvements on the properties we own due to our income.   

Quote from @Michael Calvey: Airbnb just dropped their Q4 numbers, and something caught my eye that hosts need to pay attention to: while they're raking in $2.5B in revenue (up 12%), they're dumping massive resources into platform "improvements" - 535 of them to be exact.As someone who follows the hosting space closely, here's what's interesting: they're clearly betting big on AI and tech upgrades, but what does this mean for hosts' bottom lines?

Despite Treasury yield volatility throughout 2024, cap rates remained steady with industrial and multifamily sectors even experiencing slight declines.After a 51% drop in transactions during 2023, CRE sales volume rebounded 9% last year — signaling improving investor confidence.The New York City multifamily sector presents a particularly interesting story.

We love that tourism revenue!

I would follow the advice above to see if you can improve seated comfort but short of that I would not go and replace, at least not yet.  4 stars is good and it seems you will get more 5 stars based on 2 previous to bring it up. 

@Jennifer Drake what can you share about your PMC screening process that this has taught you to improve please?