Refi isn't really an option as I'd be adding PMI to the mortgage to then turn around and rent it.

I won’t be adding additional sq footage- so it would just be dividing up that one converted floor and bring it back to its original floor plan.

Search the forum for recommendations on how to allocate the purchase price.What costs can you flat out expense, and what have to be added to the property and depreciated?

If I partner up with someone and they use one of their conventional slots to buy a property (we both contribute funds for down payment) can I be added to the title? 

I would recommend also going to the County Assessors office or calling and asking if they will reassess your property, or any conversation, as you will be adding an additional bedroom/bath. 

I may be adding a shower to a 1.5 bath unit, so I would only need the SaniShower.

I will likely be adding umbrella coverage sometime in the near future assuming I can find something at a reasonable rate that will cover all of my activities.

If anyone ever wants to be added to that mailing list just contact me.In the market report last Sunday I found out that the Wichita area as a whole actually depreciated in value when compared to this time last year by 0.72 %.

How much money do you think I should be adding to my rehab budget if the property is running septic or needs a new septic?

We always go by the lease and if there is a balance to be added like late fees and such, we add it.