You can't always count on appreciation and I see it as icing on the cake.  

Youre out of luck that was your choice and know the pros and cons. if you do have a good handyman you can count on that can do contractor type jobs, he knows and you know its gonna be cheaper.

I've never gotten a payment through. 2 months and counting.

If so, I believe the lender should not be counting this kind of deduction against him.

The apartment complex (large unit counts with own maintenance staff) cannot even achieve that maintenance/cap ex.   

You can not count on that money. 

Good advice from @Nathan Gesner and Account Closed Also bear in mind that if you can find a current deal that makes sense, and will generate even a decent amount of cash flow right now.....then you can just about count on it doing very well once you are able to refinance.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

Don't count on your contractor to find problems.  4.

Another question, what bedroom count do you typically go for?