It is also going to increase the amount you are paying every month in mortgage payments (aside from the PMI). 

I’m curious how other landlords or managers are attracting travel nurses to your MTR?

Its clear that we will need to find a way to increase the occupancy rate, to be able to make profit.

Short term rentals impose costs on the local community (parking, noise, increased demands on infrastructure), so regulation is completely justified.

I am a long term investor (hold or perpetuity) so I am confident over time cash flow will slowly increase as will appreciation.

I would rather have 4 Class A properties than 20 Class C properties (20 roofs to replace, HVAC, more tenant issues, property management fees, AC unit stolen, etc).Wealth from real estate is built on appreciation and equity - look at all the multi-millionaires in coastal California whose property values have gone up dramatically over the years and our property taxes increase 2% a year from the base value (Proposition 13) compared to other states whose taxes go up a lot.

If you aren't bringing the subject property up to the standard of another comparable sale there is no value increase, unless it's a miracle deal.

Can you increase your personal income with a new job? 

And the property assessment would need to be changed, and of course, taxes increased, as well as separate utilities.

The value increase via kitchen/bathroom update is market dependent.