This again, is another myth which really doesn't make a lot of sense.If your property is in a highly desired location, particularly if it commands a large demand among renters who are beating down your doors to rent from you, even if your property value goes down, you are actually more immune to losing cash flow in a crash than the supposedly immune cash flow properties in Myth #1!

What would it command in rent?

That is, if the market is falling a bit but you beautified 100% of your interiors, you could still command a $90 net increase in rents on average per door per month.Two other things I would point out, though. 1) A great operator can make an average deal go decently well (vs. the fact that a poor operator can **** up a great deal), and 2) Location, location, location: areas that are growing in jobs and immigration and the micromarket/location of the complex can make a major impact on the numbers and save a project from ruin by an average operator or even, manager.

That is possible although note that China managed to get the spread under control  But then they can build hospitals in 10 days and march in 25000 doctors on command. 

Rentals that are in desirable areas (areas I have identified quantitatively as those that command rent premiums against the metro average) usually don't sit more than a week or two on the market.

But as a savvy investor, it is important to understand which expenditures are justifiable and can help move a property or even command a higher price.

As an added benefit, your residents will save on their hot water bills which means you can command slightly more rent- or your tenants will be slightly less likely to leave due to the lower utility bills.

With the amount of risk real estate carries, you cannot let your feelings get between you and the proper amount of rent your property should command. 

Definitely refer to them as "tiny" houses instead of "little" houses, will be more hip and command higher rents

That said, the Triangle area of NC is a fabulous (albeit expensive) place to live and work, and rentals command high prices there.