Meaning, if it breaks even now and rents go up each year, then it will only improve.  

As my lease is worded on that matter, a tenant cannot do any "upgrades" or "improvements" to the property that they then expect to be reimbursed for.

I just want to make it clear that I do not want to go back to W-2 job bc I find very valuable in the free time that I get to read and improve myself on other things.

I purchased this condo as my primary residence, but with how the market was during the Summer of 2021, I couldn't pass up on the opportunity to make some improvements and sell it at a profit.

I purchased this condo as my primary residence, but with how the market was during the Summer of 2021, I couldn't pass up on the opportunity to make some improvements and sell it at a profit.

If I can definitely improve rental income is there a formula on how much that increases the ARV?

Honestly, there are already way too many out of towers and developers from other states and countries who do not live in Houston and understand the culture and what the city is like buying and holding property that actual residents would like to own and actually improve rather than sitting in a room 500 miles away collecting money for nothing.  

If you send a piece of mail to all of them, say once a month, over time you will likely improve the response rate.  

Also, see what finishes are used in the local houses....you may over-improve or under-improve your property.The more deals you analyze, the easier this will become.  

He loves our units because they are easy to rent out, but I will be seeing him to tour two new units next week and I will ask him if I have overdone the improvements.