@Rafael Trinidad Buy, build, Then hold for over 12 months could get you long term cap gains treatment.

I found this article stating that there's been an increase in water / sewage due to recent construction at the water treatment plant, but these bills are hundreds of percent more than i've been paying over the years.Anyone in the Binghamton area having a similar experience?

Also, your tax advisor may recommend different tax treatment for those businesses.As your business grows and you acquire more rental properties, you may want to segregate your properties into multiple entities for increased asset protection.

Because it is now an investment property it qualifies for sec 1031 treatment. 

Is it common for tenants to stay in the unit if the extermination process is three weeks - three separate treatments?

Basically double, which was the goal.5% of the units will get this treatment.

I am considering doing a DIY treatment right at the beginning of the project so if i missed something, it would take care of it when i put it up for sale.

Was this an investment or an opportunity to help your father.And John is right, there are other ways to establish it as investment tax treatment wise. 

Note: this year there was a change in regards to evidence of termites and treatment so if at all possible you will want get proof of treatment from the current owner and give it to the inspector before the inspection.

Also the treatments on passive loss limitations can differ to dependent on material involvement