Prices have dramatically increased in the last year or two, but look to be stabilizing.

What is not plausible is that paying down a mortgage is increasing cash flow.

As new apartments open across the city in record numbers, vacancy rates have grown, rents have stopped rising and landlords are offering an increasing number of freebies to get tenants in the door.For years, the Seattle rental market was so heated that renters would constantly monitor online listings and quickly show up to available apartments with checkbooks and references in hand.

The license might give you some access to data and the ability to make a commission that you otherwise would not have, but with that access and ability to earn comes increased liability because you're an educated and state licensed professional.

While it's great that unemployment has gone down, average wages have gone down more than 1% meaning people might have a job, but those entry level jobs don't really pay muchInventory for home purchases are significantly depressedDepressed inventory is creating higher prices (the old supply and demand)Increasing interest rates are also hitting people's debt ratios, so where they were able to buy a property last year with a 50% debt ratio, that same property has gone up in value and there has also been about a .5% to .75% increase in the interest rate. 

Not sure why it would increase

----------------------------------------------Year: 2015Type: 3 Family (3 Floor Thru's with a Garden), BrownstoneLocation: Bed-Stuy, BrooklynPrice: $1.35 MillionRenovation: $30k2018 FMV: $1.65 Million for an increase of $1.65 Million minus $30k minus $1.35 Million = $270kCash Flow Increase from 2015: over $600 per month increase.

I am looking for advice, if rent can be increased after  some upgrade.

Then, if the current tenant leaves invest in upgrades to increase value and rental income. 

We love our place, but with interest rates and our area listed as one of the fastest growing areas in the US, property value will continue to increase.