The other item I wish I would have started improving earlier in my career was to get my personal finances under control.

The Assessor is required by law to assess all real property at current value, which is represented by the replacement cost of the improvement less depreciation and market value of the land.

I've made less business like decisions, and I sleep great at night, and have had my tenants greatly improve my financial position...that didn't come about by being a stickler for the contract.

You will need to improve your critical thinking skills if you want to last in this business.

We always ask guests what improvements they would recommend, and then we block off a few days to make those improvements.

Everyone I've seen breaks down land vs improvements in the taxed value. 

We like the area, and believe it has more room for growth and improvement (although we are not depending on that).

I recently filed my taxes and discovered that because my personal income is over 150K per year, I'm not able to deduct a lot of my expenses (which were about 12K in improvements last year).

If you factor in improvements that mitigate the downsides of a property near highways and freeways into your rehab equation there could be a win.

Being aware of your standing will help you be aware of what to improve and be in a better position when you start your homebuying process.