My future father in law is most interested in ensuring his daughter's interests were I to do this as a business full time, and leave my day job, asking for 30% of the appreciation of the value of the business or 5% of the appreciation of the value of the business if I continue to be an investor in the business as a "secondary" job.

If you don’t have the budget to do a full second kitchen, it may work to downgrade it to something more along the lines of a studio with a kitchenette.

(Their full package is over $1,000)  Makes absolutely no sense at all. 

But from the view, I think you need a full kitchen remodeling with new cabinets in a better shape and good floor design.

This is because I realize SFR investing can't realistically scale beyond 20 or so properties without become a full-time job and I'm not there yet.

Going to be paying full in cash.

Needs new AC unit, full interior paint, 600 sq. ft. flooring. 

Did you guys move to Alabama to pursue this project full-time, travel back and forth, or manage this remotely?

Or does the full 99,000 hit each of our credits?

You do have to hold the investment for ten years to recieve the full benefit but it worth it if you save 100% of the capital gains tax.