And I thought, yeah, it is rather messed up how there is specialist agents for everything EXCEPT REI, because I can tell you as an Investor the whole "Investor Friendly" BS tag-line is well known as that, just BS, agents using catchy phrases to get our (investors) commissions. 

I agree with @Bill Brandt except that I would guess that they wouldn't be surprised since they have likely been there awhile with no rent increases (but that is just speculation).

So no one would even know about the renovation except for when they are wanting to do laundry. 

There are always exceptions and, as always, talk to your financial people to get what is right for your scenario. 

The "YES' is RARE, the oddity, the exception.

It's no different than what you would be doing working a W2, except with the the bonus of being self employed and being able to take deductions and get smart with your taxes.

The only thing I don't like about Figure is it's reported as revolving debt (grouped in with my credit cards) so my credit utilization goes way up (except for with Equifax which classified it as a mortgage loan).

At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.

The old gravity furnaces on the other hand, I don't hate (except fo the asbestos tape around the duct work and it's not usually a problem if you leave it alone)-- They are very inefficient (60%) but there is nothing at all to break, they work even in a power outage, and they put out serious heat.

However, I have seen exceptions made on this based on compensating factors.