The fact that the dish is still on the roof works against you since it proves you made alterations to the premises and you didn't return the property in the same condition you received it.  

In order to alter any lease terms, you would both have to agree on it, and who is going to agree to a $300-$400 per month increase? 

Surprising (to most folks) Having another $20K Down Payment doesn't significantly alter your monthly payment. 

Specifically:“The management of the property necessarily involved alterations and repairs…..it was also necessary to furnish elevator service, heat, light and water which required regular and continuous activity and the employment of labor, the buying of material and many other things which come within the definition of business”.

I've come across the website Eliotandme.com and see there MAY be a potential to make more money on my investment as opposed to renting out.If this website is accurate, I'd like to make my first investment property strictly an AirBnb property and in the event legislation changes or some other plan altering event occurs, I can revert back to my original plan and rent it out to tenants.

Pretty sure there is also a credit calculator to see how doing different things will alter your credit score.

Calif Civil Code 1954 states "Landlord my enter dwelling to make necessary or agreed repairs, decorations, alterations, or improvements..." 

He misidentified mailing address as property address, and however many cards were in that same batch all suffered the same error, if not all time.If you are running a business with infinite upside and potential life altering downside, take the time to make sure your data is right. 

I am not looking to alter the taxes in any way, but instead to give a more accurate snapshot of the financial state of the business.My accountant mentioned that if I insisted we could add a line to the long term assets that would depict the appreciated value, but then we would need to also add an offsetting line in the liabilities so that we would not "screw things up". 

Therefore it does not alter any of the income tax consequences of your activity in any way.