Brandon, it sounds like your property got reassessed.

Renovations may have a major influence on the property's value in some locations while having less of an effect in others.Comparable Sales: To estimate the possible value gain from improvements, look for recent comparable sales (comps) in the neighborhood.

Benchmarks such as the cap rate and the 1% rule are helpful resources.Remember, every real estate market is unique, and strategies that work in one area may not be as effective in another.

Those closing costs sound very high.  

I know a lot of agents will use this without having a buyer.I was wondering if anyone knew of a template that is effective and reduces the need to lie on the letter.Thanks!

I don't mean to sound mean, but you need to hear this. 

Listing brokers effectively become dual agents be default and many investors or buyers (especially at the entry level) will effectively go unrepresented.

President Bush on December 2007, the VGB Pool and Spa Safety Act (P&SSAct) has been in effect since December 19, 2008.

Market rate is $190k per unit.I'm really excited about the potential of this investment, but I want to ensure that I'm making sound financial decisions.

I would appreciate anyone’s insight on managing contractors quote and how to manage repairs in a cost effective way.