It is amazing how much costs can come up from initial bids and this would add cost but I agree with the value that can be added like you mentioned.  

@Mike Jay- thanks ...is asking for a loan on a  rental property asnd  if you  have owned it for  under a  yr  so that it doesnt  appear on your  most recent tax return - most lenders  will allow you to use  75% of the rental income verified  from the lease  to help offset the mtg payment ..the  resulting  figure will be  added as  additonal income  if a positive  number  and  it will count as an additonal debt if its a negative  #...hope this helps  an good luck

Line 18 on your Sch E or Depreciation can be added back as income if you're using a conventional or Gov loan. 

I will be adding new mailboxes and much needed septic maintenance and repairs.

You might want to do a background check on the person and tell them that so they can be added to the lease.

They will be added to the cost of the property (aka tax basis) and slowly depreciated. 

Thank you all Moderator Note: Please no requests to be added to any buyers list.

I will not be adding a room and bathroom in basement.

We have a good understanding of our city & local market, and think it would be about a million dollar asset and cash flow positive by the end (we'd be adding a 3rd unit to a duplex).

Give them 30 days notice and be done with it.I will definitely be adding that to my lease.