In fact, all things being equal, it won't be worth all that much more than the "market" property next door.

@LeeAnna ZepernickHere are the general considerations regarding 401k loans.401k Participant LoansIf your 401k plan allows for 401k participant loans, the maximum loan amount is equal to 50% of the balance up to $50k.

You could charge a Non-refundable fee upfront that equals up to one month's rent.

The hot water heater is easy to maybe split the payments equally, as in many cases it makes a small difference of the usage on the bill.  

On the day of closing, I would verbally let the tenants know that I will require them to pass my screening, rents will go up to market rate, and that I will require a security deposit equal to a month's rent.

, minus depreciation must equal a negative number. 

A quick count of the number of kitchens will be a decent predictor, ultimately however the price of a definitive answer is equal to an appraisal fee. 

With 4 people you should absolutely hammer those down and try to minimize the notion of splitting 4 ways equally and figure out the most logically split based on interest and input.

Lenders, like realtors, are not all created equal.

Note: if your car or any other fixed loan has a balance that’s equal to 10 payments or less the lender will not count it so no need to pay off (I.e. car loan has balance of $4,800 and monthly pmt of $500 your debt will be excluded).