The license might give you some access to data and the ability to make a commission that you otherwise would not have, but with that access and ability to earn comes increased liability because you're an educated and state licensed professional.

My quick cash, no closing costs, no appraisal, no inspections was attractive to them. 

While it's great that unemployment has gone down, average wages have gone down more than 1% meaning people might have a job, but those entry level jobs don't really pay muchInventory for home purchases are significantly depressedDepressed inventory is creating higher prices (the old supply and demand)Increasing interest rates are also hitting people's debt ratios, so where they were able to buy a property last year with a 50% debt ratio, that same property has gone up in value and there has also been about a .5% to .75% increase in the interest rate. 

Pittsburgh certainly is a city on the rise due in part to the technology boom in our area, a strong established healthcare system, A Mayor and our County Executive who are very proactive on their initiatives that are attracting big businesses, a strong recovering economy and the continuation of new construction. 

Not sure why it would increase

It will make your property more competitive if you're pet friendly and you could possibly attract more renters.

----------------------------------------------Year: 2015Type: 3 Family (3 Floor Thru's with a Garden), BrownstoneLocation: Bed-Stuy, BrooklynPrice: $1.35 MillionRenovation: $30k2018 FMV: $1.65 Million for an increase of $1.65 Million minus $30k minus $1.35 Million = $270kCash Flow Increase from 2015: over $600 per month increase.

I am looking for advice, if rent can be increased after  some upgrade.

Then, if the current tenant leaves invest in upgrades to increase value and rental income. 

We love our place, but with interest rates and our area listed as one of the fastest growing areas in the US, property value will continue to increase.