The furnace was about $2300.Can I expense the furnace under the de minimus safe harbor election (because it was less than $2500), and then capitalize the air conditioner (because it was more than $2500)?

@Aldrich De Jongh, assuming you can get it for the 15% off the asking price, your repair costs are accurate and bring rents to the high end of the area, it looks pretty decent from my perspective as well! 

As an out-of-state investor (Live in PA and have property in DE), we do our own property management (Short-term Vacation Rental Condo) - HOA does all the outside and pool stuff and we book, stock, and clean it ourselves...so I can't help you there either.   

@Shannon Phillips have you ever considered a Delaware Statutory Trust (DST)?

Right now im looking to connect with anyone who is in New Jersey, Pennsylvania, New York, Delaware, and Virgina.

I'm an out-of-state investor who lives in Seattle, though originally grew up in Delaware, and want to start investing in an area near home for me.

Ideally in Chester or Delaware county. 

Here are some booksMultifamily Millions by Dave LindahlThe ABCs of Real Estate Investing by Ken McElroyThe Complete Guide to Buying and Selling Apartment Buildings by Steve BergesCommercial Real Estate Investing by Dolf De RoosTrump: The Best Real Estate Advice I Ever Received by Donald TrumpTax Free Wealth by Tom WheelwrightCommercial Real Estate 101: How Small Investors Can Get Started and Make It Big by David LindahlRaising Private Capital: Building Your Real Estate Empire Using Other People’s Money by Matt FairclothThe Definitive Guide to Apartment Marketing by Josh GrilloInvesting in Apartment Building by Matthew MartinezCrushing It in Apartments and Commercial Real Estate by Brian H MurrayThe 7 Secrets to Successful Apartment Leasing by Eric Cumley2 Years to a Million in Real Estate by Matthew MartinezBurn Zones: Playing Life’s Bad Hands by Jorge NewberyCommercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request by Michael ReinhardIt’s a Whole New Business!

I am Jared from Smyrna, Delaware.

I am a general contractor based out of Wilmington, Delaware.