(B) "Property" means real property located in this state improved by virtue of a dwelling having been erected on the real property.

Now I am getting into private lending/joint venturing.

I'm now living in Korea and I recently purchased a SFR with Joint Venture partners I met through BP. 

I eventually got it to work with a great deal of fiddling around.Any improvements to the posting window would be a big help as I have had trouble with this before.

On the surface this seems very good, to improve the neighborhood and discourage slumlords and problem tenants.  

If you have occupied your primary residence for at least 24 months consecutively, gains are tax-free up to (don't quote me on this) $250k if single, $500k if married filing jointly.  

It probably doesn't have an easement, but is "joint use and should have been spelled out in the documents creating the separate tiles for the units. 

I have, but will not again, buy a property that has had substantial improvements done by the homeowner.

No matter what you do or try to do, you will never be able to improve your neighbor's property.  

From some articles I have read though it sounds like exterior upgrades tend to have pretty good ROI, replacing the front door with a nice new steel one in a color that works well with the house, and new siding (or stucco or brick treatment) can be quite a good improvement in the look, that usually has pretty good ROI.