As far as the financials of the restaurant, they have better monthly sales than my inside store sales.

For a few dollars per month, depending on the policy chosen, it can provide additional levels of liability and premise insurance to the tenant, it protects the tenant's possessions in case of fire, theft, natural disaster (u never know, some be storing expensive gear, clothing, bling, in my units), it insures against accidentally injuring others (including their guests) on the property, and some policies even continue paying the tenant's rent if it happens that the tenant(s) loses his/her job during their tenancy.

The new appraisal came back at the purchase price and 3 months later I am still trying to get them to understand the issues I had with their appraiser- incorrect data on one of the comps, and using a property that was converted from a book store to an apartment after the sale.  

@Ruchi Patel --The Green Card is handled by the NJ Dept. of Community Affairs (DCA), which is a state level agency.From a City standpoint, you'll have a number of hurdles, both zoning and building related.The property's zoning designation may not permit a 3-family use as of right (per the current zoning code), so in order for them to allow a conditional 3-family use, you'd need a variance.If they grant the variance (which is a process in and of itself), you will likely face challenges from a building standpoint as well as they may require you to bring certain elements of the building up to code (i.e., fire suppression / sprinkler system).

Was there a reason that you added those bricks on the bedroom wall behind the TV or was that just a design element?

Any of the major brands are decent; go to the store and see which one feels right to you.  

@Michael McCartneyTry this one. https://www.mccoys.com/store/san-antonio-nw-txThey will have or be able to order just about any kind of hardi you want.

Use basic cheap materials from the big box stores that are easy to replace when damaged by tenants. 3) Think about your lease very carefully and discuss it with an attorney.  

You would then have to look at comps for ice cream stores of what the going EBIDTA multiple.  

The thicker the gauge the better and the big box stores sale the cheap stuff.