Smart investors first focus on finding quality properties—such as those in thriving areas of Brooklyn or potential neighborhoods around Manhattan—and then reverse engineer the process by improving management, optimizing rental structures, or enhancing facilities to make it worthwhile.

Then figure aprox what your refi numbers/value would be given those rents/expenses at a stabilized point,  and that to me is your "all in" - From there it becomes an exercise of what it will take to get to that point or property condition?

I removed the chimney and added modern HVAC, making it the only house on the block with it, significantly enhancing its value.

.: I just did this exercise - I liked ranking them so I could look at the big picture. 

I removed the chimney and added modern HVAC, making it the only house on the block with it, significantly enhancing its value.

So there it is, no exercising eminent domain for a quarter trillion dollars.

Enhancing Parking Facilities.

These advantages can significantly enhance your portfolio's profitability and scalability, freeing you up to focus on strategic growth.

Real estate is one of the best mind-sharpening exercises in the investment world simply because getting it wrong there is no stock liquidation or quick way out.

The renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.