More important than any number in the proforma is the character and quality of the sponsor. 

Again, I don't think it'll impact existing housing and would probably be seen as changing the character of neighborhoods - If that is important to your assumptions on future appreciation.I think Biden wanting to dink with tax deferrals on sale is a LOT bigger issue.

We use strong credit and criminal background screening, as well as income verifications, identity and work verification, as well as home care and character references.

You've got this huge journey ahead of you and you can choose between a number of different character classes (banker, farmer, carpenter etc) each with different starting bonuses and drawbacks.

I remember when I did property management and marketed my services with no clients, even at that point I had references who could speak on my character.

You’ll see lots of rookies and/ or generally shady characters pitching deals at ~3% appreciation, 2% vacancy, 2% R&M etc etc but I would be inclined to budget 1% (max) appreciation for the next 5 years.

They give your space more charm and character.• Ensure the kitchen and bathroom are sparkling clean.3.

However the zoning ordinance only addresses the "character" of the neighborhood (unit density, setbacks, lot coverage, etc.), while the building code deals with the safety and habitability of the structure. 

Those things are nice, but character and depth of track record count for more than those things.  

Put in three shower/commode/sink/kitchen, etc units.If this place has character and the right neighborhood.