What if a new building makes your investment property obsolete because there’s a better facility with comparable rents?

@Brittany SimmsIt is always best to do your research before you go look at the property so you know exactly what you can offer and back that up with comparable properties and market data. 

@Brian Pulaski maybe a trip to home depot is in order to pick out the floor you want then walk over to the stains and compare colors.

The increase is from $50/unit due to the "Clean water Atlanta" project, which mirrors the numbers you mentioned.They compare Atlanta to NY, and if my tenant's usage approached the average usage, I'll be paying almost as much as you.

Some highlights:The Pinellas County real estate market is continuing to see higher sale prices and units moving at a faster rate...compared to February 2017.The Median Sale Price for Single FamilyHomes was up by an impressive 10.0% from last year, at $244,250 for February 2018 versus $222,000 for February 2017. 

Not only it is mortgage fraud, it is impossible to pull off because these days lenders compare your application with the IRS transcripts.I also urge you to pay attention to a crucial point made by @Linda Weygant: you cannot just forego available deductions to create higher income.

Act like someone trying to find a rental in your area.....go on Zillow, Trulia, Craigslist and even call a few PM's....try to compare something similar and go from thereRentometer.com also can help

A traditional financed deal with 10-20% down, cash flowing, minor rehab would be fine.

My advice for the remodel is to make the units comparable to what your market will allow. 

If you have trouble meeting the hefty requirements of traditional lenders message me.