Beyond the obvious quality of construction and code compliance issues, how do I ensure the tenant doesn't rip out his whirlpool tub when he vacates and leaves me a mess of wires and plumbing?

Clearly, there should be value in adding this feature, and doing so properly and with a permit, so that it's reflected in the title, and i'm trying to gage how much would be acceptable to spend on central air.I've been quoted between $7200 and $16K for a 3Ton complete system, and while i don't always go with the lowest bid, i'm tempted to do so this time since i treat air as a "commodity" and not "finishings" and am at the tail and of a renovation.

Better get down on one knee and do it the proper way!

I agree with @John Jackson , @Bill Walston is your man.As I do mostly Lease Option Assignments and Sub2 acquisitions, its all ordinary income.Write off as much as you can with good tax advice and the proper entity structure.

Hope all works well for you and you have the proper resources in places to take care of any/all aspects with the rental!

I would like to confirm if it is properly zoned for multifamily.2.

That's 8.3% of annual rent.I agree that $/sqft isn't how rentals are properly priced.

Again, simply using the example above, it is easy to understand how excluding $10k of income can change your debt to income ratio which might cause a loan denial.If I had a dime for every 1003 I reviewed from the LO's that use to work for me who failed to properly identify property, which then usually means it defaulted to SFR, I would have a lot of dimes.

Just like games have an objective to win it, you must prepare a "goals sheet" and ensuring every move you make leads towards those goals, which you should have a list of too, as games do seem to have a play-by-play nature to them.

I really like that you're taking the time to assemble a proper team.