You don’t have a water line for the dishwasher or the (nonexistent) fridge, so it’s not as bad as it could be.

Can I ask the bank for the extra 40k to do whatever repairs necessary to my liking, such as on a line of credit.

I have three sets per bed.  

I’ve learned that credit lines still open is a good look, not so much with loans, they weigh down my score.

If work comes up then you have 40% each month extra to pay off a credit line that covers the expenses. 

There is zero impact on how much cash flow your equity is buying.The bottom line, and most important factor, is not how much cash flow your equity buys but how much cash flow the property itself generates without equity.

If you're ever up in Tokyo and would like to talk real estate, please feel free to drop me a line.  

Why not ask, just do 50/50 split for 6 months...or something along those lines.

Check with local area property manager to get the pluses, minuses, and rental prices to see if they are in line with your requirements. 

This would produce a much lower top line revenue but my net profit would be potentially higher because I am capturing a high percentage of the rent collected.