If it was a friend, I'd expect a huge thanks, this will significantly improve his quality of life, no more going to the laundry mat, hence saving him money.   

Does your yacht have laundry on board?  

Tax consequence is most likely a wash or a loss.  

forced appreciation is an artificial increase in value realized when the property is sold; there are a number of things you can do to improve the property,  new appliances and services for tenants,  obtain an upgraded appraisal, increase rents, upgrade tenants, and coin service laundry machines. 

There is no way I am going to clean the house, wash the sheets and whatever else for $10 a night.

If upgrading showerheads, toilets, faucets, and/or washing machines would cost you $1000, but save you $15/month over the next 20 years, I'd say it's worth it

. - In Nov 17 tenant's parents (these are college students) call my property manager to report a broken dryer and mold growth in the basement laundry room, a bedroom above the laundry room, and in the bathroom.

----Can you power wash the concrete areas, both by the house and behind the garage? 

Other Facts:Built in 1969Off market saleNew Roof in 2007Plenty of off street parkingAll 4 units have separate access and a common laundry areaNot sure yet if I would end up with instant equityAny feedback would be greatly appreciated!!!

The house as is has a big kitchen, indoor laundry room, 2 full bathrooms one smaller bedroom and a nice master with WIC.