We will be adding a kitchenette to the walk-out basement to increase rental value.

I would contact the Tenant and remind them that all adults must be screened and approved before they can occupy and that they must be added to the lease.

I would only be adding the pad (park is all TOHs). 

thank you, one week (my next off day after close) after close we will be cleaning up the yard, cutting back trees. ect. before the end of august we will be adding heating to the units. the previous owner took out the gas, and never replaced them.

Will be adding smart TV’s.

The agent asked if myWife and I should be added as additional insured.

It sounds like you'll be adding value to the property as well by adding an additional unit at some point.

If you had identified the property, the cost, and the travel cost would be added to the basis of the property and depreciated.These initial investigatory costs are treated differently for flipping and rentals1) Flipping: the travel cost to investigate will be treated as a business cost and deducted as an ordinary travel cost.

If they are improvements, they will be added to the basis and depreciated.

It would still however be adding to your net worth bottomline with principal pay-down, appreciation, and tax depreciation all added in - this option just wouldn't necessarily be putting cash into your pocket every month.