I will be returning to this thread to give you pure truth from experience. 

@Diane Bonheuris this something you'd live in, or a pure investment property? 

Hi Natalie,I think you're mashing together the way it works for owner occupied multi unit properties, and non-owner occupied pure investment properties appearing on tax returns, and non-owner occupied pure investment properties that are the subject property. :)If it's a pure rental property appearing on tax returns that is no the subject property, and rental income offsets PITI according to that spreadsheet, qualifying income is added, and PITI is excluded from the debts column. 

In a market like that where people are buying for pure cash flow the prices will move slowly and you won't see a 50% jump.

This is purely a testament to the success of marketing and branding efforts. 

Than we started to buy pure investments in addition to the personals turned rentals.  

In that asset class you are depending on things to save you that are trending against it.That said if the 30k completes a partial done rehab it might make sense but if it's a purely cosmetic one I would sell it now close to as is.

As an insurance agent myself, I find a lot of my investor clients are underinsured purely because no one has taken the time to explain what’s necessary and how insurance works

@Diana AgIf you are just interested in investing in a hotel purely as an investor, there are many projects out there where you can just invested as a Limited Partner.

You spend $30,000 on these so your total cost of acquiring the rental property in a pure accounting sense is not $70,000 but $100,000.