Expenses for initial repairs before renting are usually capitalized and depreciated.

In your second scenario you would eliminate all capital gain and depreciation recapture with the step up in basis.there is no statutory holding period that qualifies you to convert the properties. 

Primary Residence is taxed as short-term or long-term capital gains on sale and it may qualify for Sec 121 ExclusionIf you are classified as a Dealer you will pay ordinary income taxes on sale.

They provide detailed information on the property address, closing costs, all utilities, lawn care, capital expenditures, maintenance, property taxes, insurance, and more.

I’ve watched clients reinvest capital from a tired old rental in one part of the country into vibrant, up-and-coming areas like certain pockets of Austin and San Antonio.

So if I can BRRRR, get all my capital back, and break even on rent when I'm done, I'll do that every time.  

What I typically see investors do to get rolling is use a Heloc or cashout refi on an existing property to get the startup capital they need.

Currently working to gain capital as I educate myself and seek knowledge through every possible avenue.

Ensure the property appraises at its updated post-renovation value to maximize the equity you can pull out.A refinance isn’t a taxable event, but transferring ownership to your LLC may affect depreciation or future capital gains.

This is generally a low cash flow market due to the low risk being so close to the nation's capital, however strategic buyers that enter sub-markets of D.C. that is set for massive growth will be able to take advantage of future rent growth to evolve into a heavy cash flowing property over time, as well as home price appreciation as the area continues its trend of high buyer demand.If you'd like more information on any of these submarkets within Alexandria or would like to learn more about investing in the D.C.