If 40% is what it takes to get the capital, that's fine, but in my opinion that's pretty rich to the money source when you have 50% skin in the game.

So I'm looking at close to a year if we only get down payment money from these sources.

If it is written properly it will be in there and you will have your answer.

Clearly, there should be value in adding this feature, and doing so properly and with a permit, so that it's reflected in the title, and i'm trying to gage how much would be acceptable to spend on central air.I've been quoted between $7200 and $16K for a 3Ton complete system, and while i don't always go with the lowest bid, i'm tempted to do so this time since i treat air as a "commodity" and not "finishings" and am at the tail and of a renovation.

Better get down on one knee and do it the proper way!

I feel the same way and I'm doing everything I can to get that freedom right now.Be sure to check out The BiggerPockets Ultimate Beginner's Guide Great source of information, I think you'll like it.

I agree with @John Jackson , @Bill Walston is your man.As I do mostly Lease Option Assignments and Sub2 acquisitions, its all ordinary income.Write off as much as you can with good tax advice and the proper entity structure.

Hope all works well for you and you have the proper resources in places to take care of any/all aspects with the rental!

Mentors and partners are great sources of experience and business tips learned from actual experience.Two worthy adages to embrace:Be The Best Informed And Prepared Person In The RoomFinish Each Day A Little Smarter Than You Began the Day

Trulia, Zillow and Redfin are just a few sources of potential properties.