They may offer advice on how much typical rehabilitation expenses for various kinds of homes and improvements should be.Utilize Online Resources: A variety of remodeling cost estimates may be found on websites such as BiggerPockets, HomeAdvisor, and the National Repair Estimator.

If the units are not the primary tenant’s residence, the appropriate use classification is Visitor Accommodations.

Add last month rent in there if appropriate or if y'all agreed to it.

Than, once got that completed, then with new revenue stream can shift-gears to than focus on trying hand at STR, with ability to give it appropriate attention and focus it WILL demand.     

We can't expect borrowers to act accordingly or even ask for the appropriate things if they don't even know what kind of lender they are talking to or what tools they may have available to them in general. 

Stairs on the outside with appropriate landings. 

Same with an aging AC, if it works and blows appropriately cold air, it's not a defect.

If co-owner, can it be considered a Qualified Joint Venture and therefore simply file two appropriately divided Schedule C’s, as opposed to having to files taxes as a partnership and deal with filing as a partnership and filing Form K1(as Dmimetry suggested)?

You can portray the rental price as appropriate for the property and the local market?

Further, if you use any type of financing other than owner finance or daddy financing, the lender would require appraisal and appropriate survey and engineering inspections.