Sometimes you can bring to life an old cabinet simply by painting it, putting new hardware on, and maybe updating a light fixture in the room that shines brighter, and not yellow. 

Let’s provide updates to the community here.

U need to contact BP corporate.. nothing I can do.

After renovating, I updated the interiors, addressed exterior issues, and enhanced the overall appeal.

And you spend all that money on updating it will be for not.

Just don't see the S-Corp or another LLC having a place here..I've heard tax advisors say it takes around $70k min of self employment income for the break even point for S-Corp to make sense.

I Just learned about corporate rentals and sober living does anyone know how to go about this in CA? 

Each upgrade is depreciated separately, and each has a monetary value and depreciation schedule.So to keep it simple, use your books 😉 Accounts/Sub accounts: Address (or property identifier) >> Name of update >> Depreciation account for that upgrade.

We’re considering whether to do mid-grade updates and rent it soon if we can find a good next property though acquisition and ongoing costs are a problem.

New roof and gutters, updated vinyl double pane windows, resurfaced parking lot, and upgraded main water line.