We signed P&S agreements on 6 different properties totaling 20 units approximately 8 months ago and received a call today that the price we thought we were buying at has to-be increased on average 13% due to the increased cost of construction.

Adding a 1/2 bath, new roof, central air or other typical improvements will increase the value of the property. 

I already have land holdings near Everett that will certify out at 304 salable density bonus credits.To play this game, I get certified and then "clip off" the transferable development rights for sale to urban developers in the county, who can cash them in for an increase in dwelling unit density from an original 22 units/acre to 58 units, and building heights from 45' to 75'.

I see so many new investors that lose thousands, sometimes tens of thousands, every year because they make simple mistakes.

So your net earnings ( increase in wealth) is $650.  

At annual rent increases, I do scour Zillow for market rents in the area, which I share with my tenants.

I get CA desirability but there is a simple factor of income and affordability.

We are always looking to add more amenities and chances to increase our guest's satisfaction at all of our units.

From what I’ve heard, properties that emphasize tranquility.. like offering outdoor seating areas, fire pits, or even something as simple as a hammock.. tend to perform exceptionally well in remote settings.You’re spot on about STR policies in Johnson City versus Knoxville.

FYI, a Cost Segregation Study will "not" increase your chances of an IRS audit.