One word of caution: value-add and forced appreciation really only apply to property 5-units+ that are valued based on the income approach. 3 unit deals generally don't benefit from this.That said, I'm sure the value of the property will indeed increase due to your improvements.

The whole point of real estate investing is leverage increasing your ROI. 

Prop 13 allows for property taxes to increase at the lower of the rate of inflation or 2% per year and allows property to be reassessed upon a change in ownership. 

If the tenant doesn't respond appropriately to the initial legal notices to comply with the terms of the rental agreement, then we turn it over to our attorney to proceed and their process server will deliver subsequent legal notices.For simple communications, some landlords have success with email and/or texting.

Creating the equity by fixing up the property to a better class or increasing cash flow by utilizing creative investment. 

I am very curious as to the must have or 'should do' rehab to either increase value in my home to possibly start using the BRRRR method or for basic tenant improvements.

I am very curious as to the must have or 'should do' rehab to either increase value in my home to possibly start using the BRRRR method or for basic tenant improvements.

@Tara Jenkins - If you Cash out refi you are likely going to increase your monthly payments and will be paying on that right away. 

If there is considerable equity in the property, this situation can be quite profitable, by acquiring the seller's interest and subsequently foreclosing on the non-selling co-owner for his/her unpaid portion of the expenses.It works like this, do a title search to confirm who has how much interest in the house, and get a good inspection to see what maintenance is currently required. 

If you have changes, like a rent increase, write them in.