But for your income property, they'll give greatest weight to the income method (the one based on NOI and cap rate as you said), as they should.You wrote "NOI divided by the Cap Rate" but keep in mind, the appraiser will use what they feel is a market cap rate, not the cap rate when you purchased the property or a cap rate you want them to use.

The thicker concrete on the outside helps carry the weight, but really doesn't do much more.

Finding a property management company that you can trust with your investment can be a weight off of your shoulders and provide "mailbox" money to you without you having to lift a finger (except for when you have to grab that money from the mailbox).The cost of property management services varies, but any great trustworthy property management company can outweigh the cost substantially by providing you with time-saving services that handle the day-to-day operations of owning a rental investment property.

A "good" tenant can be worth their weight in gold! 

So I would make sure you keep your eyes open for pitfalls when absorbing other peoples teachings/wisdom, even mine, or especially mine :)  Go do your own homework, find other opinions and weight their ideas by their merit.

Get a builder quote from at least 3 LOCAL builders or Renovation Contractors first, then weight your available options. 

Do you have a weight limit on dogs to keep the potential "dangerous" breeds away, or do you find that most folks don't travel with their 100 lb Rotty?

@Stephanie WellsUnless it’s adding parking spots I wouldn’t say it would hold much weight on the appraisal. $6k-$8k is a lot to spend compared to the return you’ll get on adding value to the property.

We had to take down a tree 2 weeks ago-a very large oak that split in half from its own weight.

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