No tenants should be adding roommates without the landlords prior written approval. 

You could just paint (or add bead board and paint) but I'd probably add subway tile in a neutral color that compliments the granite because it's popular and easy to clean and I can diy it and the tile is cheap.

Changed text would be added above/below, but should be minimal.

I know the total cost of the rehab could be added to the cost basis if I were selling the property after, but could I claim the improvements under the 100% bonus depreciation for 2018?

But wouldn't that be added to repairs?

REDUCED production costs, YES lower COG's facilitates a lower cost of new units which creates affordability thus affording more units to be added without holding to current pricing basis.

The real estate license is such a valuable tool and yet 80-90% of Realtors don't invest and don't understand wholesaling, flipping, etc... lots of value to be added to investors!

2nd question: Should all rent ready expenses plus certain closing costs be utilized as current year deductions, or be added to the total costs basis depreciation of the property over 27.5 years?

The seller would assume all closing costs and that same value would be added to my debt amount?

Reading through the NOLO book, it states that any expenses that occur before the property gets placed into service needs to be added to the cost basis of the property.