Juan Mendoza International standards, Fannie Mae, FHA make no mention or requirement for a closet.

Plus we also able to negotiate a frigerator (not part of standard package) as well as blinds for all windows. 

Do not continue on your own.For your next tenant, be sure you have strict screening requirements and do not waiver from those standards.

Try not to get overwhelmed as there’s a lot of information on BP and many avenues within real estate investing.When I was starting out, I was interested in so many strategies, but I discovered that I did my best when I focused on one or two and really built my knowledge around them.

This is of course assuming it's a 2-4 bed / 2 ba SFH wood or CBS frame SFH on a standard lot.

I'm also in a pretty extensive Mastermind for STR PM companies and those rates are pretty standard.

Hopefully, you find it helpful and qualifies us to assist you with your goals:)---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

However, you can still depreciate the remaining basis under standard MACRS rules.

@Kyle LipkoRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Even if it’s not standard, a well-structured promissory note could include it.