@David Tipton True, I forgot the mention that the said $800-tax only applies to LLC incorporated in CA or doing business in CA (generating revenue from being active in CA).

The tank is only required when the water supply system incorporates a backflow prevention device, check valve or similar device.

The CAP shows the investments are equivalent (both have 5% CAP).Underestimates Value of Improving RentalWhen you are comparing buying and leaving a property as is vs buying and improving to increase rent you need to be able to incorporate that the rent increase will last for years.

I was dealing with a house that was only from the 50's and you just have no idea how much I regret not just ripping off all the drywall in kitchen and bathroom and arranged for the SOW and budget to incorporate the plumbing and electrical (I might have guessed about the sub-floor but not really the rotten and unsupporting studs).

If you live in a diverse city, it might help to incorporate this strategy.

I have no background in this business, however I have worked in corporate America for the past twenty years.

I would still only install one if the costs of extra vacancy/decreased rent is greater than the cost of the dishwasher and maintenence.Also, make sure you or the plumber incorporate the drain from the dishwasher into the sink traps correctly. 

If you have a company by all means incorporate.

I’ll be incorporating these ideas!

Run them over and over and then over again and make sure you incorporate the lender fees...........