@Joseph Falco, Your sale will include 3 components - Land/building, FFE (furnishings fixtures and equipment) and good will (or blue sky or profit premium). 

Differentiate between normal wear for components still serving well versus material defects. 

-JaredMesa, AZ – Today, CAVU Aerospace, one of the world’s leading providers of aircraft disassembly, aircraft recycling, asset management and MRO repairs, announced it will locate CAVU Component Repair (CCR), a new CAVU Aerospace company, in an 80,000-square-foot maintenance, repair, and overhaul (MRO) facility at The Landing at PMG, located just north of Phoenix-Mesa Gateway Airport in Mesa.

But, to your point, the govt is passing laws that will likely have a detrimental effect on renters.

But is cost savings a big component or is most of the cost paid by the agency.4.

Hotels have the business component which adds risk, that's why select service/limited service properties are highly sought after right now.

I wanted to get the opinion of the board on which component of the rehab process offers the "best return on sweat equity."

Personal finance and saving should be a larger component of the REI discussion, and it seems that Tony got started with a lot of good saving and living habits.

That statute — Real Property Law § 235-b — requires landlords to ensure that all residential rental units are free of conditions detrimental to the occupants’ life, safety and well-being, even when the hazards are caused by third parties (like fellow tenants).In many states you can be sued so read over your leases and bylaws 

Be realistic about the amount of time each component requires.