Since this is a capital improvement, it doesn't follow the same rules as a standard expense, so you'd likely start depreciation in 2023.

To maintain your current standard of living, your rental income must increase faster than inflation.

Of course your/my mileage may vary - but this seems such a standard thing to do, I can not imagine it's worth thousand dollars of contract rocket science.  

Talk to your preferred lenders about whether they see a cash our re-fi as being approved with the same standards as an investment, i.e. loan to value, debt coverage ratio, etc.

Simplify as many standard processes such as online rent payment, leases, apartment turns, paint, and other materials, and re-key all locks to a master system.

I'd like to find out what a somewhat standard practice out there looks like.

You may also have to get your "hands dirty" in order to make these properties look nice or up to your standards. 

Two wage earners are going to have an easier time making rent than a family where there is only one paycheck, depending on how high such paychecks are, and in both cases you would look at the total household income.Stick to your guns on what you said you wanted, but when you are not in the heat of the situation reevaluate your standards to make sure they are still serving you well. 

These capital gains are taxable income at the standard tax bracket ranges.Long-term capital gains: Property assets you hold for 12 months or more before selling.

We’re wondering if these fees and processes are standard for short-term rentals.