Household income currently around 200k but in 3 years after residency will be closer to 350k.

Hi Jessie,It seems like a replace it at your cost item--ASAP,and apologize for the inconvenience of the broken sink, the wait time for replacement and the inconvenience of the workmen replacing it.Unless the tenant hit it with a sledge hammer (or similar), sinks should handle household normal use.And as said above stainless is a good replacement choice (for a few dollars more a deeper sink might be a nice thing to offer in the rental.

You seem to have a good idea of what you need as far as cleaners and smart devices.Go there for a week or two after your purchase and get the furniture and all household items you need.

**depending on household size.Oil heating costs are at an all time high these days - here is some info that you might find helpful - Fox Article; Monthly avg. home heating pricesRegarding rent stabilized buildings, you may not be able to get market rents even for a vacant unit so I'd look into NY's Rent Guidelines Board before seriously pursuing this building. 

Depending on your market, you may have success "pre-screening" with no more than 3 to 5 questions you ask every interested party, such as: What is the total household gross income?

For a person or household who own a detached SFR house in California, and looking for help to pay their mortgage in exchange for providing 1 private bedroom with private bath, but shared kitchen, to indicate in their ad and/or orally any such preferences in their ideal housemate(s) for:1.

Cleveland is incredible for cash flow, with around 60% of households occupied by renters.

I would recommend on focusing on both your immediate needs, getting as much of your mortgage and other household expenses paid for by a tenant, as well as keeping in mind your long term goals whether those be to sell when you’re ready to move, or turn the property completely into a rental and how much cash flow it generates if you move out.

Are you flipping this house, holding as a rental, or personal residence?  

Start by setting some cash or income goals for yourself and determining what opportunities are available to you.Lets assume that you have a desire to increase your net monthly income by at least $1,200 so that you can add more to your monthly savings and investment accounts; your desire is to safely accomplish this through rental real estate.This also assumes that you don't want to write a huge check to purchase and rehab a property, you are willing to use financing to get the job done, but don’t want to have to put down the 20 to 30% that a bank would require for a purchase, nor do you want to wait 35-45 days for the bank to make a decision on funding the deal, which may be gone by then.After reviewing your personal finances you see that you have credit scores in the 680-700 range, household income of about $100k and a light monthly debt load where all those payments do not exceed 35% of your total monthly income.You are comfortable paying at most $1,500 a month total in mortgage, taxes and other expenses on an investment deal and expect your property to begin generating your desired income within 6 months.Based on your research, you have determined that on average, rents in your market for 2 bed room apartments are running at about $900 a month, property taxes are high and insurance rates are reasonable (for Chicago, at least).