I am trying to know if this value would further jump if I buy the property and make some improvements like paint, flooring, water heater, adding GFCI outlets etc.I already see this value jumped between 2020 and 2021.

Gary is improving quite a bit in pockets - Miller being one of them.PM me if you have questions.PS - Beverly Shores isn't Gary

We have only had one eviction, but we budget/incur 3-6% of rent to get units rent ready (turnover) and another 3-6% of rent for maintenance/capital improvements. 

I'll definitely be giving the appraiser a list of the comps I pulled along with the improvements I've made.I like that idea of pulling your own credit and using that to shop around! 

This should improve the cash flow for both of you.

If the lender is left holding second lien position, they want to know there is value there to secure their loan.My advice is make improvements to the property to force appreciation and wait a year or two for more time based appreciation.

So you are best to simply look for something that you can improve and turn into more units under the BRRR. 

Genuinely excited and willing to learn on ways to improve my approach.

What can I improve?

We thought this was going to be our forever home and kept improving it over time.