Even if you do paint/stain it, you need to make sure it is clean before doing anything-preparation is everything.Not sure how well paint would stick to those surfaces or wear. 

Do some a/b testing.

It's smart to invest now and be prepared for any market changes.  

You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year, not just when preparing your tax return.

My renter txted me the other day saying the well water was bad at the acreage they are renting from me, they got the water tested and it shows small traces of coliform which I was told can be remedied by shocking the well!

Rick,Yes you need both tax advise and tax preparation which are two different services.  

This is my opinion as a CPA who has prepared hundreds of income tax returns for both individuals and businesses with rental properties.To answer your question directly, you report the rental income you ACTUALLY received.It does not matter what you advertise as your rental listing price.

Also, they should stress-test their properties to handle any potential equity changes or loss of rent.

I I learned how to fly years ago in about 10 hours I soloed.. but I was not licensed I had a student license after passing physical but you still needed to take the big test and a flight test to be legal and get your wings.Real estate for most folks is their most important or biggest financial asset they have or will have and now you have all these unlicensed yahoos running around with little to no education many with very suspect morals etc .. trying to bring buyer and seller together for compensation..

Two weeks ago, she sent a request to leave and I prepared an agreement so I could acquire a new tenant first.