*I have still been looking for work, but will more than likely have to put a semi-pause on it due to surgery coming up within the next few to several weeks, and I won’t have the full ability to go to work for at least 6 weeks post-op.

OP.

Joshua Dorkin wrote a great piece about this topic - I'd suggest reading it over and determining if coin ops are right for you and your building:http://www.biggerpockets.com/renewsblog/2006/11/09/why-you-should-or-shouldnt-put-coin-op-laundry-machines-in-your-rental-property/

I am new to co-op boards - can anyone help advise?

The square footage is not even considered to be official.since its a co-op they must have the documents and everything on file, including the fees that are paid which may be based on SF or on # bedrooms.

OP is talking about tax advantages of depreciation and counting it against ordinary income, not about income tax on the rental income itself.

Are you saying that if someone has the aptitude to figure out, as an example, that a solenoid valve is what is causing a furnace to not go consistently through its startup cycle, and the three people that come in and 2 recommend a full system replacement, and it happens that the third, (or the owner, myself, or OP) figured out the $30 part that failed early and can take the half hour to fix it, you would say that person who didn't replace the whole system for no extra value, made a bad investment?

I’m happy to see various opinions and experiences, healthy dialogue for the OP.

Here are come things to consider, High Lease Rent, Lease expiration, Co-op Restrictions, Recent Comps (very high DOM), etc. 

Not the 2 bed the OP described.