I was able to find the ad online and the rent is $1,300/month which only includes lawn care and trash removal.

We knocked down walls and created an open floor plan, removed the popcorn ceilings, replaced dated wood paneling with sheet rock, and installed hardwood flooring throughout the home in the first 45 days of construction.

The only problem is MOST banks want at least 1 year of rental income on your taxes before they will count it and remove/counter that mortgage payment on your primary home.

@John SuralikYou would need to execute an Amendment to the Lease which removed one of the original signatories.  

Once I have the closet/wall removed it will be on the exterior wall in the living room.

Yes, I've had to remove cat urine odor from a foreclosure we bought a few years back.

The seller told me that the tenant is behind on payments.Are there any special considerations when dealing with removing a rent to own tenant that is behind on payments?

At the moment, for my own investment property financing purposes (not hers), I'm certain that our principle residence is counted by Fannie Mae guidelines because I am indeed on the title and the property is financed.Can I remove the principle residence from the count by quit claiming my interest to my wife?  

I put in a new roof, redid the floors, painted, did yard work, window treatments, removed asbestos in the garage.I had the place reappraised it was now worth 335k. 

I removed the dog within the 3 days, then decided to move out so I could live with her.