Many municipalities are doing lots of infrastructure upgrades currently and have more planned for the future due to population growth.

But I have been upgrading and developing the properties I have.

I have 2 tickets and an upgraded room (honeymoon suite with access to private beach).

I gave her the chance to move out without having to pay the broken lease fee.

As Wesley said, listen to what they say, but verify and look for yourself (eg if they say something is broken, check if it is).

I'm not sure how much this matters in terms of staying longer in my condo vs buying a new primary, but I did just a few months ago upgrade my HVAC ($12k) and am doing other value-add to it in the meantime. 

Also, consider tax credits and incentives for energy-efficient upgrades or first-time homebuyer programs that could lower your costs and improve your return on investment.In summary, starting in California with an FHA loan and considering partnerships and LLC structures can set you up well.

However, if the renovation significantly improved or upgraded the property, you might need to capitalize it as an improvement, depreciating it over 27.5 years.If this was STR, you could write off the improvement under bonus depreciation as well.

While the units needed new kitchens, baths, flooring, and paint, they were primed and ready for upgrades.

Whether you're looking to continue generating income or upgrade to meet market rents, this well-maintained property offers both flexibility and value.