If you are dealing with a FSBO then I would suspect you still want to document them and deliver them but mine were not part of the purchase agreement per se. 

One of the reasons I selected the 2 areas I did was that there is no large builder per se.

Over reporting or falsely reporting Schedule C income allows people to get a $1500+ refund, even after paying SE tax.I say don't get involved in any of this.

I've started asking for an additional 1 month's security deposit for SE applicants because my experience so far has been that those in my area who claim to be self-employed tend to be fly by night.However, I'm concerned I could also be weeding out good applicants who can't pay the extra deposit.

(disclosure: I am not a lawyer and this is not legal advice.)This allows you to go after any and everyone for rents due - typically you would go after the strongest person, which in this case, would most likely be the cosigner/guarantor.. https://www.landlordology.com/what-is-joint-and-se...

I appreciate the info - this is good for me to hear even though it's not good news per se.

Having the 105 plan will reduce your SE tax, but it will be taxed as income, 105 is a reimbursement, the receiver of the reimbursement ( your wife) has to add that to their gross income, which you can deduct part of your medical expenses then. that will save you some money on taxes. loaning your own self proprietor llc money again may reduce your SE tax but on the personal side you will be taxed for the interest you pay your self on that loan.

Electing to use a PM is not related to the rental market per se, but has everything to do with YOUR time, management style and in some cases State requirements for an onsite manager.For example, in Calif, 16+ units must have a resident manager. 

Some of these things won't cost you much, but your guests will love them.I would go conservative on interior upgrades...just make them comfortable and things that a fishing crowd might appreciate...I would not focus on the finishes per se.

I wouldn't ask the potential tenant for bank statements per se... but I would ask for a few paystubs as I would with all tenants.