Otherwise you have an existing tenant that is going to put wear and tear on a brand new bathroom that you will likely not be able to get out of their deposit. 

Your rental income will be considered on the type of conventional loan, what bank buys the loan, how close you are to the underwriting limits, etc.Your appraisal shouldn't be less due to a tenants tidiness. wear and tear etc .

Being a local real estate agent in Miami, I know that there is still plenty of land available for development here where the developers don't have to deal with multiple residents and tear down. 

., more wear and tear...Kings sleep 2 just like Queens, they are just more spacious.

Sounds like your units have some wear and tear and will be more "C" grade. $200 per month may be a more appropriate maintenance reserve for you.

If you're tearing it down, the base value is pretty easy - value of the lot and remaining improvements (water tap, sewer tap, electric tap, etc) minus the cost of tearing down and hauling off the structure.

I am needing to purchase a new roof for one of my rentals so I can get insurance, and have been given a couple of options;1.) shingle tear off and replacement with Tamko architectural shingles- $68502.) the above option but with an upgrade to Certainteed landmark architectural shingles- $76003.) a metal roof over the existing old shingles.- $7900Which would you pick?

@Nicole DeLeon while it could cost you $18000 to get it rent ready you cannot bill all of that to the tenant as damages since things like carpet are pro-rated on useful life and painting is going to be considered wear and tear. 

Far beyond "normal wear and tear" and I have pictures of what things used to look like.

if none of your siblings can get a 566k mortgage then its probably best to sell it after your dad passes and split the profits. i dont know how your family is but money can tear families apart and its not worth trying to come up with a creative way to keep the house. keep it simple or emotions and relationships will get complicated.