And I find it interesting that past apartment syndicators have stepped back from the market when they can't buy based on a rule like that.If we have another nasty recession like in 2008 I think it's likely that people will not pay an extra $100/month in rent for an upgraded kitchen.

I understand that I need an appraisal to determine my (stepped up) cost basis on the date I inherited the house.

The first issue I am running into happens to be initial capital for investing, and this stems from my fear of taking on an initial loan for a down-payment on a property is this a good idea to do or bad and why? 

Taking action is definitely a step in the right direction. 

You know when you come across a property and theres a Red Box with an "X" in it with the initials of the municipality's fire department on it?

I’m looking to move into larger multi family properties with the goal to initially replace my W-2., build passive income and equity to teach my kids the value of.

-Also got the bathroom tiles repaired, that was a bit of work as well-Had the initial floor sanding, that took out a lot of stains and odor, but still need some repair work done. - have now confirmed all the baseboards need to be replaced, the cat urine is down behind them-- another small bit of cash I was hoping not to spend.

@Rebecca McKenna is right, but I would probably start with the Board which manages the community or the Community Manager to get an initial feel on whether the community will allow it or not. 

Also, because the sloped end of the tub is at the end allowing access, there is very little space for a person to enter the tub and step on the level surface.The obvious solution is to reverse the direction of the tub, putting the sloped end toward the far wall and the plumbing at the open end.

You are indeed correct on the assigned value of the home initially.