Hey @Elijah Glenn, a few observations:1: I would account for ~12% in total fees when selling. 2: Are you able to itemize your rehab budget, is this a cosmetic job, is new mechanicals needed? 

By the time you leave you can refinance into a traditional loan since you should have paid down enough to have the equity there and get your whole VA benefit back for the next PCS.Feel free to hit me up or check out the company site below for more info.

With that being said, are my budgets for such items reasonable?

The tenants are supposed to keep the grass clear of personal items so it can be mowed.

@Patrick Archer for a traditional rental property I would say 60 days out is standard (gives people notice time for their current landlord etc.).If you're doing a student rental which it sounds like it may be due to the timing, I believe January on-wards some students start casually looking for accommodations for the next year.

The simplest way is to just write a flat fee for water / sewer into the lease as a line item.

Having changed jobs a few times, I also have a traditional IRA where funds from old 401k's have been rolled.  

Just don't go around opening any credit cards and buying large items right now.

The agreement would have dictated how you guys allocate the rental items, If you dont have a partnership agreement, you can just co-own the property, but with your situation, I feel like the partnership is created as just one of the partner is on the loan which created a basis for you but not for other partners. 

The interest that you pay the bank can also be deducted as investment interest expense if you itemize.