Let someone else buy the fringe areas and improve them first.To be direct, I can't imagine an appraiser using 5-year-old comps.

But I also sometimes think owning only 1 property in LA would be less stressful and a more reasonable mortgage payment would improve my quality of life.

Ideally AI could improve the property analytics that shape listing prices, a competitive advantage over other brokers.

I’m always looking to improve my process and would be happy to share some insights I’ve gathered on deal evaluation and contractor management.

Your profit is the difference between your adjusted cost basis and your net sale.Adjusted cost basis is your cost of acquisition plus any capitalized improvements minus depreciation.It is very possible that you could sell a property you have refinanced and generate no cash at the sale but still have a big tax bill because you sell it for more than you purchased it for.

A licensed property manager should have access to the MLS which would put you on realtor.com, Zillow, and probably a dozen or more other websites.You don't need professional photographs, but they should be improved.

Focus on the value landlords bring through property improvements, market dynamics driving rents, and contributions to community revitalization.

We are getting ready for a comprehensive lease document update and it's an area I think we might be able to improve in our current documents.Thanks!

Property value is land + improvements (the structure). 

You are required to contribute towards these improvements.2.