We don't like SF houses that have been hacked up into apartments, only buildings built for multi. 

We had always wanted a stick built home and we decided to take a leap of faith and make this home a rental.

It's great to ask these questions in the forums to get a feel for things but it's not a substitute for getting "official" advice from an REI-savvy tax pro that you have hired.Regarding what to deduct versus what to capitalize (and depreciate over time), your tax pro can walk you through that for each line item.

Your attorney should be able to help with this as they will likely want to get an itemized list of projected past expenses.3.

Only about 30% of the subdivision is built out.

The property was built in 1940 and has cast iron piping.

All of my TVs have built in Roku, put in Guest Mode, which automatically signs the guests out when they leave. 

Laws are ALWAYS evolving and every couple years there is likely one or more items that should be updated in a lease. 3.

I think this would make sense in the long run for the rental property as it will extend the life of everything it touches like the Sink, faucets, showers, water heater, dishwasher, and Clothes washer while also providing clean drinking water in addition to the reverse osmosis drinking water system I already have installed.The main problem with this hardness level is that we get a major deposit buildup on all of these items, which will eventually clog up the faucets for tenants and lead to rusty shower enclosures that take forever to clean.In addition to this, it looks like we could likely have the salt added every couple of months by the property managers in addition to that it would allow for a quick inspection from them, and then also we would instead bill the cost of the service onto the ledger for the tenants.For reference, it does not look like the landlords in the area have water softeners.Thank you everyone for your input ahead of time.

Once complete, I expect this 4 family to gross $7K monthly, with a net cash flow of $3K and have $250K in equity built in.