Would anyone want to talk on the phone, grab coffee, etc?

I'd choose inexpensive upgrades such as white subway tile and white penny tile, grab a vanity that's more modern and clean off craigslist or from home depot. 

I've got a 7 year old boy and 5 year old girl that are loving the real estate life so far!

Mom has grown son and his part time girl friend living with her. 

For sure the best way to grab as much value as possible from the refi would be to put some money into fixing up the property. 

We grab anything they has left over & my wife mixes it to produce a pallet of colors. 

Whether you are poised to grab them in any particular market is another story. 

Good luck and thank you and your husband both for your service (at least that was my assumption),@Jocelyn KaufmanHoly Cow girl, you sound like you are setting the world on fire! 

Over the years, I've learned a wealth of info from my mortgage broker and agent who have this type of expertise, and it's been invaluable.I'm in SLC; hit me up if you want to grab a beer and talk RE.Good luck with your basement build!

After doing some research I see three options:1) Put her on the lease and have her pay fair market rent (same as other girls) to our LLC.2) Do not put her on the lease and only make the lease between us and the four other girls and reduce the rent on the lease to reflect what those girls are paying and move ahead considering it as a rental property for tax purposes.I've read that certain situations can make a rental be considered personal use.