We bought our first local rental last year and probably paid too much, but the location appreciation will be nice in the long-run, and we just re-up'd again with same tenents while increasing their rent. 

Once everything is added together there will be a 1% tax rate added to that amount.Let’s look at an example.A home purchased in 1990 for $100,000 has a base value of $156,000 (from Prop 13’s 2% increase).

The tax increase is probably going to kill the cash flow. 

Did your income increased being self-employed?  

@Anthony Dooley - If I could put in $5k to increase the annual rental income by $2.5k and increase the home value, why wouldn’t I?

If you buy it, you wouldn't be making a mistake because after the current tenant leaves, you should be able to freshen up the place and increase the rents.

Lower your average nightly but increase slightly on weekends.

on 6/I'd like everyone's opinion on using AirBnB as a means to increase cash flow, reinvesting the cash flow to force appreciation via upgrades to the property's infrastructure, and units.

Our current All-In expense is $13,000 (this was a tax lien) and we have an outstanding liability of $11K, which could increase our total all-in expense to $24K (rounding up).

Some advertise they will increase temperature 20 degrees over ambient at max flow rate.