This property has a long term tenant but I will gradually improve the property and increase rent to market value.

Also, if you are able to make improvements with sweat equity while you live their you will be able to fetch much higher rents going forward.

But if it does, it will improve quickly.

However; CA is now under stay at home order, and they're talking about Marshall Law, which of course being CA, most think it means it was done to give everyone a jump on summer vacation, and allow them to go to home stores and buy supplies for home improvement projects.

Depending on the improvements you've made, you may have a good amount of equity in the property.Brandon Turner's first property was a live-in-flip, as described in THIS ARTICLE.My biggest concern would be over the dust/dirt factor during construction.  

My background is in software dev and I worked on a major bank’s REO website query improvements so I’m quite confident it’s not an earth shattering technological challenge.

Both times we have seen massive devaluation on the stock market, unemplyment and a general feel of depression in the society, but real estate values improved significantly during these periods!

I will continue in the same manner with education and improvement while working.

@Simond Wong Hello Simond, a detailed thorough exterior and interior appraisal will get the most value out of your home if you have taken care of maintenance and improvements.

It's good to know that they are continuing to improve by rolling out new features.