To be safe, if you build a closet in the room in question,  you won't ever have to explain to your appraiser, and to every potential tenant walking through your property why one of your "bedrooms" doesn't have a closet!  

I'd recommend factoring in a bit more time for how long the rehab will take to be on the safe side, but I do like the MISC Expenses buffer that you put in there. 

It all comes down to creating equity as fast and safely as you can, and covering the operations (cash flow).If a fourplex has more opportunity, great, if it's a duplex great.

I've heard Simply Safe advertise a lot on BP.  

At the end of the day you want to make it pleasant and safe. 

You can probably get in two at a time and still have a safe amount of capital at 500k.But if you're saying that use cash and sink every last dollar you have into a single project, I'd say no, do not do that. 

I have done a ton of research and travel, and mild obsessing, and these are the destinations I have narrowed in on.By no means am I an expert, and everyone has different opinions and desires for what they want in a destination.For me, I prefer now non-touristy, tropical, authentic, safe(ish), and good bang for your buck.

If it’s conforming or non-conforming, then you’re safe. 

Anything $2500 or below can be deductible via de minimis safe harbor.Higher expenses need to be capitalized.You can also do a Cost Segragation Study to capitalize some items quicker based on life expectancy. 

They use Zendesk, so it's safe to upload sensitive documents.You can also try to reach them on support AT zgrentals.zendesk.com.I know how stressful it is to be waiting to hear from them, only to get radio silence!