When I had this situation of rents way below market I incrementally raised them while also making improvements to the property.

There is NO credit applied to the purchase price for improvements oradditions to the property.

Upside-1.Once it is rented to a good tenant the returns are great2.There are staggering improvements in the neighborhoods every year and I believe this Mayor is going to speed up this process.  

Research the Bureau of Labor and Statistics for specific job industries and how the area and its industries are currently doing.If you do buy an Income Property be sure to start with a reasonable Capital Improvement account for emergencies.

That is a significant improvement. 

There is NO credit applied to the purchase price for improvements oradditions to the property.

I think its a bit like tenant improvement.

I've always invested in locations where I feel confident that when the larger market improves, they will be the forefront of that appreciation. 

I have put in writing that any and all improvements will stay.

I have put in writing that any and all improvements will stay.I am struggling with this now because I took a new position as an assistant property manager to gain more experience but at a pay cut.