If there is no downturn, the dems will blame him for unnecessarily "raising" PMI premiums.

Replacing will unnecessarily cut directly into your profit margin as it will not increase resale value of the property.

I did not want to be spending money unnecessarily if possible as i know business banking costs more.

You are smart to consider not burdening both of your credit unnecessarily!  

But if you are unnecessarily opting to upgrade the unit and it requires displacement, you should pay for accommodations.

And it does, but why should my insurance premium unnecessarily go up for (really stupid) negligence of the tenant?

Joe may or may not be risky, what's risky is having to find out unnecessarily.

As Lee indicated above, simply provide residents with a lead based paint disclosure and the associated pamphlet from the EPA.If you have a lot of peeling paint you will want to address that so that chunks of painting are not landing on the ground or easy for someone to ingest e.g. children.

Bottom line; the agent knew this investor was the real deal, and was unnecessarily being difficult.

Or to not wait the length of time to get full tax benefit and sell and incur tax prematurely and unnecessarily.