The next year it will get reassessed with all of the houses, but the renovation should be added when the city closes the permits and the C of O is obtained.

I will be adding pictures soon of before and afters.

The bedroom is big enough to support a small functional kitchen area, which will be added (fridge, small stove, microwave) and effectively turning the bedroom into a very small studio apartment.How much more can I reasonably charge based on this added feature?

I don’t ask for the amount of savings people have in my application, but is that something I should be adding on.

So if you buy a rental in 2020- these expenses will be added to the cost basis of that property and depreciated over it's life. 

However, you would also be adding legal and admin complexities in different ways.

In "The House Hacking Strategy" book, there is a discussion (pg 92) on debt-to-income ratio in regards to lending, and how 75% of potential future rent may be added to your monthly income number in determining the DTI.

I actually have reached out to the Attorney General's office to gain clarification on (1) the date of the price base (2017 or more recent declaration in Oct 2019), (2) what increase in expenses can be added on top (property taxes, maintenance, etc), and (3) length of lease for which this applies. 

The jury is still out for multi/condos/apartments as Denver continues to absorb all of the new inventory that has been added (and continues to be added) to the market. 

Even though there isn't too much industry in Providence itself, its an easy commute to Boston either driving or taking the commuter rail (which they are going to be adding more lines in the near future).