I would nail down your investment thesis and underwriting to decide if it's a good deal or not. 

I analyzed dozens of deals in the beginning to really nail down which areas worked and which didn't.

Ben nailed it.

Proceeds to segregated account to be disbursed ONLY on rental property improvements and expenses to preserve the deductibility of interest on your Schedule E.

Probably this. california department of Real estate has already nailed two agents for raising rents above price gouging thresholds.. 10k fine plus who knows what kind of license discipline.

Now if your thinking location jumps out as a big factor to all this, you hit the nail on the head, location location LOCATION. 

For example with India, some things is a fair rate, on some they are nailing 150% on USA imports. 

IDK pets can certainly do damage but with a decent long term tenant I tend to want to preserve the relationship.

Diversifying between real estate, liquid investments, and passive income strategies will help maximize returns while preserving flexibility.

I added value to this property by preserving its original architectural features while modernizing the interior.