For example, I might put in new floors in my basement rental, add a washer dryer in each unit, and install other new cosmetic upgrades, which might get me 200 to 400 bucks more a month in rent (worth it here in jersey city) but my appraisal will probably not be significantly higher if I requested another.Now, if I legally added a bathroom or bedroom, put an addition on a house, converted a garage into livable space, ripped out all the outdated utility infrastructure or other improvement like that (things that inspectors and appraisers work with on their reports) this would definitely add value. but...it all does come down to comps. its a tricky game im still trying to figure out myself as someone prepping to flip/improve a rental for my next deal.Regarding cash flow increases, you could potentially rent out parking spaces or a garage if you have them available.

I am closely monitoring the situation as I love the properties & they have traditionally outperformed what AirDNA though it's slowing down lately quite a bit

How far apart the buildings are (farther apart, the lower risk of fire impacting multiple properties)5. what fire/burglar protection you have for the property (alarm, extinguishers, sprinklers, video monitoring, etc.)If you can get recommendations of agents who insure other complexes in the area that may be helpful in locating agents that can quote this effectively.  

If you were to buy a property out of state, how do you or the property management company monitor the inside of the property to make sure that they aren't tearing it to pieces or doing illegal activity?

The US is going to monitor your income and flow of assets, these are rules we all abide.

I also forgot to add that you should get a consumer-friendly credit monitoring app to take a look at what you can chip away at.

Realistically,  there isn't some 'garbage hauling police squad' monitoring this, so they would likely not get caught.

Does that state have desirability for people to move to where businesses will stay & has the infrastructure for it's residents even if there is a recession to keep their local market going.

The returns are great if you can buy right (possible in 2023 though more challenging of course than years ago), understand what you are buying (especially infrastructure), and if you know how to manage this asset class properly.

If your tools are setup correctly, they can provide you with full retention of your documents and help you monitor the internal controls regarding your outsourced accounts.For our accounts, our company has an Accountant Membership and each Bookkeeper under our company has an individual profile.