Check out the below, directly from fanniemae.com:Form 1007 is the rent roll component of the appraisal (& why the appraisal on a rental property using rental income to qualify may be a few hundred bucks more expensive).

I definitely want to be knowledgeable about the critical aspects to running this type of business successfully and repairs, maintenance, and updates are important components..

A tile backsplash is another component of the modern kitchen.Adding an eating area is probably possible as well but is a little harder to explain or be sure of without floor plans etc.  

Let’s look at each component of the investment options in more detail to determine which one offers the greatest tax advantages for investors.RolloverTo conduct a 1031 Exchange, investors must reinvest both the principal and capital gain proceeds from the sale of an appreciated asset within 180 days of sale.

There are many components to a property that cannot be measured off of NOI alone which is why you will find properties that sell above or below the market CAP rate.

There is an education component, which from experience a long time ago was somewhere in the $3-400 range and then testing, licensing, Realtor and MLS fees.

I've haven't lead any flips but I have learned that funding is usually the key component for a deal. 

I found it's always better to individually "Sub" out each component.

I tend to underwrite between 14 and 18% depending on property class and submarket.Asset management is a partnership expense not a property expense so it should be below the line--a component of cash flow but not NOI.Your G&A is a bit low, you'll probably be closer to $250/unit

I would also like this entity is scalable to add other real estate business components if possible.Can some one help with this?