Just make sure you’re prepared to cover any shortfalls on that property and have a strong plan for deploying the new capital effectively.

Hard to say what the effect would be on doing either without details, but I'd recommend not trying to do both of those in the same year (unless you have enough cash saved up for at least a 20% down payment on the investment property). 

This quick flip was a testament to our effective approach in Pleasant Hill.

This goes into effect Jan. 1st, but the state has not figured out the particulars and the license is not available yet. 

For RE owners, death allows you to pass assets to your heirs and step up in basis, effectively eliminating recapture.

Are there ways to address this concern or to communicate the value of these unique features to the appraiser effectively—without overstepping?

Third, Even though that cant call your second building two townhomes, they can call out that you have two duplexes, which could still effect your evaluation.

Skin in the game for the whole group is much more effective and efficient than individual leases. 

If it’s cost effective I’d tile but then it will be more labor intensive/expensive if/when you have to replace it.

It would effectively end everything they do.