One option would be to add another Rinnai unit in the kitchen, but I'd love find someone with the knowledge and experience to evaluate the entire heating situation for the building and work out a long term plan for improvements. 

Great to see you improving communities in the Cincinnati area!

I guess it's like apples risk vs. oranges risk: recently-built apartment complexes are apples and involve risk (the construction defects, the stress Class A experiences during an economic downturn, etc.) and value-add/renovation type business plans involve oranges risk: you won't probably see any construction defects, but you have more vulnerability that the renovation plan + improved operations plan + repositioning will not work as optimally as originally hoped. 

We expected to achieve great cash flow for the property by improving the property management.

Some of Veterans Park and the neighborhoods to the north that back up to the hills are very nice, and day by day they are improving.

Our inventory is creeping back up over 500.

Even if there is a 10-20% increase of inventory hitting the market in the next few months there will still be a shortage of housing inventory.

However, you can actually save millions of dollars in taxes by starting during the blueprint phase.Here are some examples of ways to save on taxes:For conference rooms in a hotel, Instead of installing regular walls, if you install moveable walls, the walls could be depreciated using the rules of bonus depreciation.For a multi-family apartment complex, changing the model of the bathroom exhaust fan to a variable speed could help qualify for the energy credit which is $2,000/unit.For a large apartment complex, installing a ceiling fan could allow you to qualify for 45L tax credits.For a hotel, if the porte-cochere is detached from the hotel building, it could be fully deductible in year one as it could be considered a land improvement.

Investors have renovated a lot of SFRs and improved the condition of the housing stock but the higher rents are putting people out on the streets. 

Make sure the improvement would make your property valuable without overvalued for your neighborhood…any comps to look at?