Next, most localities have a BZA, “board of zoning appeals”.

Then the appeals game.

In the process of converting my primary residence into a rental property and thinking of the repair items that will make the property most appealing to tenants.

You are spending a lot of money that will only improve the curb appeal to the interested buyers. 

Covid for the next 2 years and the attitude of younger generation not wanting to share anything may make the 1 bedroom units more appealing.  

Purchase price: $65,000 Cash invested: $15,000 Updated family-owned townhouse to increase rentability and market appeal.

What investment strategy is appeal to you?

Judges like visual evidence. 

It's a measure of how desirable/appealing the properties are to the investors in that particular market (think California).If you refer to the chart above, I listed two kinds of cap rate (propCap Rate and mktCap Rate). propCap Rate is simply NOI/Purchase Price. mktCap Rate is, again, a measure of market sentiment and can only be obtained by talking to the local market experts (i.e. commercial bankers/brokers, property managers, etc).

If you will keep the bar in use it may decrease the appeal of the rental.