I’ve had virtually no (okay maybe a FEW) tenant problems with my high end rentals; many many problems at the low end.  

Many people are in low rate, fixed loans so they don't have a fear that their mortgage will adjust to where they can't pay their mortgage any more.  

Recommendations on selling a property with a low interest rate to get the highest price? 

Remember, the cost of a mini split is really driven by the number of head units inside and not the outside unit. 

Now that there is no overhead cost of the mortgage, how much should I charge my tenants?

My main concern is the cost of turning the property into a MTR especially with this being my first property.

The contractor will be your best resource to understand cost of the design; the earlier you identify value engineering opportunities, the cheaper it will cost to incorporate (Google: ‘Macleamy Curve’).

If the property can be respectably sold for $250 you have to be all in at around $200 including the commission and carry cost.

Replacement cost.

The cost per unit is actually below average for Reno and maybe bit high for that location.