That "and" is essential.

Particularly, I love the fact that you essentially have three master suites upstairs (each bedroom has its own attached bathroom).

It looks like getting my real estate license would be a great idea and would essentially pay for itself after the purchase of the first property or two.

Are there any codes/safety concerns to consider when tapping into an existing line (no, I would NOT do this myself - I would hire a pro)?  

Basically the clause reads as follows:1.DISTURBANCE, SMOKING, NOISE, ILLEGAL USE: Neither the LESSEE nor his family, friends, relatives, invitees, visitors, agents or servants shall make, permit or suffer any disturbing noises or vibrations by means of a human voice, radio, phonograph, stereo, television, piano or other musical instrument or other device or form of technology of any description within the building or Premises, nor commit or permit any nuisance to exist thereon, nor cause damage to the building or Premises, nor create or permit any substantial interference with the rights, comfort, safety or enjoyment of the LESSOR or other occupants of the same or any other apartment in the building, nor make any use whatsoever thereof than as and for a private residence.

It is absolutely essential that you adjust your game plan on how to proceed in the new terrain of investing.

You're essentially revitalizing a community and strengthening property values when you fix up a property6.

Again, your locale may vary, but it usually takes complaints and unresolved serious code violations (health/safety) to reach a point where you have to vacate the premise.

They're essentially bonds.

Essentially what a yield return is; a Gross Rent Multiplier.