I am better for knowing what cash flow actually is, the rules on homestead exemptions in my area, etc.

So, the actual increase to market rent will be much lower.

I also just bought an investment property in AE recently actually!

Actually, you may not need to qualify in the second year.

Appraisers are using MLS data and often it is lower than actual rents. 

It may make people feel better but does it actually do anything?

Becoming a property owner.The hardest part about this right now is underwriting deals, remaining patient and disciplined.Outside of that, the actual details of managing the property are only hard if you do not have systems in place, delegate responsibility, and don't fully comprehend what physical asset investments require-- capex & opex heavy.

We'd definitely do another similar property if the opportunity arises.Before (actual website / listing photo):After:

It all depends on the market and if tenants actually care about having a new sidewalk and walkway. 

.🔹 Insurance Challenges – Even when insurance pays, it rarely covers the actual cost to completely rebuild.