Hello - this may be a newbie question but from reading the various articles on BP and Investopedia, my understanding is that Net Operating Income (NOI) is defined as operating expenses required to run and maintain the property but excludes Loan Payments, Capital Expenditures, Depreciation, and Amortization.The IRS has recently raised the Tangible Property Expensing threshold to $2,500 (from $500 previously) per item so if you took advantage of this change, wouldn't it decrease your NOI since you can expense smaller capital items as repairs & maintenance instead of capitalizing and then depreciating them over time?  

The same model with comparable upgrades just sold for $333k.

The center and county offered a discount on high-efficiency toilets, which reportedly use 50 to 70 percent less water than normal models, and requests came flooding in.Today, installation appointments are three months out, and the tide hasn’t ebbed on Boulder County’s water conservation demands.As the United States consumes more water per capita than any other nation — more than 2.9 trillion gallons per year — the need to replace normal toilets with their more conservative counterparts is a real one: The U.S.

Also looking around colleges where there is a steady stream of renters.I'm not looking to put any more in the property than normal wear and tear items, carpet, paint, minor repairs.

You can ask them for an itemized pay off at this point.  

Will a lender refinancing the 412, with vacation rental model?

All in these items are respectively $8,200 septic and $6,000 for the water.I'm tapped out...

If your invest will do better than your debt item go for it.  

Apparently, all of the items listed on the original scope of work need to be done and nothing can change without some authorization from the bank.

Add columns with SKUs or Item numbers, prices, etc... depending on your desired precision.