If you are the majority owner, the attacker would control your business by virtue of share control.While you have access to a wide range of deductions and the ability to set up fringe benefits without taxation, the biggest tax disadvantage of C-Corporation is the “double-taxation” issue.

Is there any major improvements that you could have taken?

Paint and carpet, OK, but more major, no.

If there is no equity and you do not qualify for a refinance, then you are going to think twice before making major repairs when they come up and even every day repairs. 

As Anthony mentioned above, the (presumably) typo is causing some of the major numbers I'd look at to be off, for example, the Cash on Cash ROI.

There was a one time large repair of the majority of the windows for $6000 bringing that average up. 

Is it considered major or minor?

@Anthony Heatley, when you do any renovations, certainly major renos, you or your GC is supposed to get permits from the town to do the work.

Here are three major things I look for when picking an out of state to invest in. 1.

I completed major renovations a few months ago with premium finishes and was initially going to flip and priced it at the top of average comps, but once my appraisal came back about $55k higher than my listed price, I pulled it off the market and have been using it as an Airbnb ever since.