Any improvement done after it has been passed to your wife can be added. 

Also, the MHP in question is located in an area where new pads cannot be added.

You could potentially negotiate an interest reserve into the loan where all the payments would be added to the loan and you'd pay the whole thing off at once with the permanent loan. 

The hvac will be added to your depreciation schedule, not written off all at once. 

Going in Cap Rate, projected exit cap rate, what value can be added to the asset, what type of returns does your investor base want (if your syndicating), can you lower the expenses, can you raise rents, how long are you going to hold it, how long does it take to cash flow, does it cashflow from day 1, have you adjusted for new taxes, what fees are you property management taking, how will the deal be structured. 

FHA allows you to use potential rental income on the other units;INCOME—RENTAL Any net rental income from the subject property must be added to the borrower’s qualifying gross monthly income by applying 75% of the lesser of;Fair Market Rent reported by the appraiser; or The rent reflected on the existing or proposed lease agreement.

Please check back with the newer episodes after 2 weeks or so and they should be updated with transcripts" (there was no mention of the older missing ones) and 2nd response  was "Thank you for the feedback, we are just kinda delay with the transcript but they will surely be added on the podcast as well".So maybe, you could make a request via email and see if they will add the "old missing ones" that we are looking for.

Yes depreciation should be added back in but those others are real expenses.

I will be adding a private bathroom to each of the five bedrooms and reducing common area.

Came across this on the Fannie Mae website:" Treatment of the Income (or Loss)The amount of monthly qualifying rental income (or loss) that is considered as part of the borrower's total monthly income (or loss) — and its treatment in the calculation of the borrower's total debt-to-income ratio — varies depending on whether the borrower occupies the rental property as his or her principal residence.If the rental income relates to the borrower’s principal residence: The monthly qualifying rental income (as defined above) must be added to the borrower’s total monthly income.