For instance, around my neighborhood, many units are not pet friendly.

Since they made landlords pay interest on security deposits greater than one month's rent, we had to quit doing pet deposits and do a non-refundable pet fee instead.

What type of Pets are legal rental pets?

A few things I'd add to it are:- Pet deposits & pet rent- Reduce turn time- Add washer & dryer hookups if possible- Covered parking- Depending on the location & market; rent one unit as a short term rental- Reducing common area electric

The upstairs looks great but I am not allowing pets at this time in the upstairs apt and I am trying to get a better caliber of tenant than I have previously worked with, hence the higher rent price. 

Maybe I'm just mean but my #1 pet peeve is people wasting my time and that is exactly what they are doing to you.

I am trying to determine what is the best options for a property with tenants/with pets and small kids.

I always removed the additional income because I feel I should not value a property for lost key fobs or pet fees.Also, when it comes to Expenses I left the expenses as is and mostly increased the management fee from 2% to maybe 3% depending on the size of the deal and I always adjusted the property taxes.Is that the right way to quickly value a property? 

More than one FU response because of my no smoking & no pets policy.

(minimum/maximum nights, pets, etc.)What kind of rental income does this unit generate?