Learn how to use it in a way that diminishes the cost impact.  

For example, a steep access or driveway -- or even a winding drive up a mountain --  will hurt rentals from late-Nov thru early March as snow/ice will impact access. 

Cap rates are impacted by more than just interest rates...try demand, credit availability, etc (see link below).  

Next apartment turnover  we are getting another low flow toilet which also has a big impact.

So, any LLC income will end up on your (and any partner's) personal tax returns, and will impact your personal income.If your business is incorporated as a c-corporation, then you don't necessary have to take the income as salary, but don't get to claim it on your personal return.

If you are in the middle of an industrial park, you may have some more difficulty.Only other thing that could be turning people away is environmental?

When we bought in 2013 we took out the carpet and installed bamboo flooring; we put $35k into a complete overhaul of the kitchen; and we added impact windows in 2015.

A lot of these interior cosmetic upgrades can be DIY'd without a permit (check your local codes), and they shouldn't have an impact on when the construction loan closes.Bottom line - I recommend doing a basic cost analysis to see how much more you'd have to spend to have the contractor get the project through final inspection.

You have to see if it is a has had an impact on occupancy. 

I am just hesitant because I do not know what the impact of the water treatment facility is on this investment.