I think you’re hilarious.I’m sure Brad knows and can tell you that many college towns have already passed laws restricting AirBnb, just like they control the percentage of rentals in many neighborhoods and set the max unrelated adults conservatively.

Besides attending to the myriad of questions, requests, and issues with tenants and the property, a good PM will provide liability protection with legal knowledge, asset protection with a tight lease, and increased ROI with simply smart management. 

Lastly in some areas, Maryland for example, if a property owner redeems, they must reimburse your legal fees.

It might help you sell the house since you can indicate that it has been upgraded.I would do what is necessary but not go overboard.If you have galvanized, replacing the water line from the street to the house makes a hug improvement on water pressure as galvanized will rust and restrict the flow of water over time.I believable you just need to have working plumbing with good water pressure for the appraisal.I would be more worried about plumbing issues or old piping showing up on a buyers inspection than it affecting an appraisal.

Also, if you can, get a second job or some kind of side hustle (legal of course, like cleaning common areas, cutting hair, cleaning homes, etc.) and use that money solely for paying of debt OR saving for a down-payment, making sure you put it in a high-yield savings account, so it can grow interest while it sits in there......no taking anything out of it. 

Do not rely on it for legal advice.

I would find a JV form on here and agree to terms and then spend a few hundered dollars getting a lawyer to do make it official and legal for your state.

Takoma Park has a concentration of them, but they have incredibly restrictive rent control.

Is there any age restrictions when that could be rolled back out?

How do I get the money LEGALLY?