If any wholesalers out there are reading this, I'd love to be added to your buyer's list!

The utility is somehow tied to the property tax bill. i.e in Syracuse the water company can put it in the tenant's name, but if the tenant doesn't pay, the bill will be added to the property owner's (property) tax bill. 

We will be adding a bedroom, vinyl flooring, stainless steel appliances, mid level counter top/cabinetry and high end finishes to help capture higher ARV & rents.What are your thoughts on this bid?

Tax returns will be used to determine, some deductions will stand and a few can be added back. 

Banks when they lend have to adjust the risk profile of the assets, which means they will lend less and increase rates (as they are not going to be adding equity)2.

Interest will be added to the monthly payment.

The other portion would be added to the cost of the property and depreciated.  

These improvements can be added to the home's cost basis, reducing the taxable gain.Consult a Tax Professional: Given the significant amount involved, it's advisable to consult with a tax professional or CPA who specializes in real estate transactions and tax planning.

-- Or can the wife be added on via the operating aggrement as a 50% member 2.

Can you be added on the policy as co-insured?