In the contract we signed with the property management company when we first started using them there was a clause that said:"Expenditures for repairs, alterations, decorations or furnishings in excess of Three HundredDollars ($300.00) shall not be made without prior written consent of owner, except in thecase of emergency, or if agent in good faith determines that such expenditures arenecessary to protect the property from damage, to prevent injury to persons or loss of life,or to maintain services to tenants."

Steve,As much as the kitchen shows some improvement, it would be difficult to rent to a decent tenant in my neck of the woods.I just rented this home for over $1500 a month to a couple with a credit score in the high 700's in 2 days.Respectfully, GaryBEFORE:AFTER:

My own experience with having to do many sewer line re-routes and repairs (on houses built in the 70's) is that whatever they used in DFW is not the same as what they used in your neck of the woods.

An injury judgment only goes away 1 way, you have to pay it.

Taxes are a trivial issue compared to liability.If that "under the table" worker falls off your roof, breaks their neck, and is paralyzed with no insurance coverage for doing the work, guess who is on the hook for their long term care bill, which could be 7 figures? 

They chew tobacco in their sleep, smell like diesel fuel and have neck tats. 

At least in my neck of the woods you are still the owner of the property if you are the owner of the business that owns the property. 

Here is some information from NAA-Small Business Administration Will Provide Disaster Assistance LoansSBA's Economic Injury Disaster Loans offer up to $2 million in assistance for a small business.

In my neck of the woods everything was built in the Teens and 20's; so everything I buy is knob and tube wiring, lathe and plaster, etc.

City breathing down our neck to make repairs or be condemned.