Ken, I would prefer to do that, but I wasn't sure if any banks would offer that type of loan or line of credit.

I am not sure where exactly this property is, but this is an example of why I prefer B class neighborhoods or better when looking for rental properties. 

Would the person who takes on more labor to repair the property have greater preferred equity or is this usually treated differently?

You can also do this on a refinance.Else, you can find private money, take out a HELOC if you have a lot of equity, go hard money and then refinance after, or see if your preferred builder offers financing.

We'd prefer not to have anyone else on the loan - just my son. 

Having 2-3 contractors in each field is important, as your preferred guy won't always be available. 

After assembling a lot of bed frames, I prefer the Zinus brand, and I would recommend contract grade furniture.Don't forget to sign up for pest control and both a renter's and landlord policy on your insurance.Hi Miguel - I’m also looking at the midtown  Sacramento area for multifamily…what is “contract grade” furniture please ?

I have no doubt this goes into the ranking algorithm.HOWEVER, I have found that I do prefer guests from Airbnb.  

I have one rental and actively looking to invest in another property, preferably a duplex in the Detroit area.  

Typically, we steer away from pet deposits in preference of pet rent / fee.