Previous money that my wife and I spent in rent ($1200/mo) now goes to improvements.

So the deal is not as home run as it seems, though still a solid investment if you don't have to knock out a bunch of capital improvements right off the bat. 

Decided to hold once market improved.

Also when you do any outside improvements make sure you contact me so that I can approve the colors and patterns.

I did find a couple of things that needed improvement, and I was able to send her a follow up email (with three compliments / affirmations of specific things she's doing great, and then two constructive suggestions) to let her know what I found.Let's stay in touch!

In my book, the property must cash flow otherwise it is a liability versus an asset.  

I believe the value is higher than it was when we bought because of the rent increases and improvements we have made, but value can be subjective depending on the metric you are using (or more specifically what metric potential buyers would use), whether or not that be using comparable sales, cap rates, cash on cash return, the 1% rule, etc... 

In the meantime, work on improving your credit, finding partners, networking, practice analyzing deals, and saving cash to invest.Hope this helps - happy to answer any questions you have.Robert Leonard

It will likely go up slightly if you can improve the management of the property, but a nearly 30% increase seems a bit much.I feel it is also important to note that your capital will likely be stuck in this deal.

Depending on what my plans for the coming year for improvements where going to be I planned the savings monthly for them.