So for the first item on the balance sheet you put the purchase price and then for the WIP item you add all purchase closing costs, reno/holding expenses, sale closing costs and then finally put the sale price as revenue?  

The issue is advertising revenue and face time. it’s not in an advertising model benefit  to limit in mass posts.  

So I have a FixedAssets account in the chart of accounts, but that's not really usable for tracking the per-item depreciation...there's no entry for when it was placed in use, no way to state depreciation lifetime, nothing that ties loan points to the loan so you notice when you refinance that you should take all the rest of that line item as depreciation immediately, etc.

Personally, I really like the BRRR (Buy, Fix, Rent, Refinance Repeat) model, which is to buy a property fix it up, rent it out and refinance it and do another one. 

Instead of simply sharing content from other sources, model and repost while giving credit to the original creators.

Hi Varun,I've been investing and owning in the DFW markets since 2012, and foundation work is a common maintenance item. 

Your situation (different country, Airbnb income, longer hold time) may not fit this model exactly.Negotiating Better Terms:With the bank: Shop around for better rates, consider a larger down payment for better terms.With real estate agents: Offer exclusivity for a lower rate, or consider handling the sale yourself if legal in Georgia.Holding Period: Given the strong Airbnb cash flow, holding longer could be beneficial, especially if the market is appreciating.

@Adria T. the PM company has to communicate, get a tenant in quickly and be able to handle items that are unforeseen..

Am I thinking of converting this property for SRO/PadSplit model where refinancing may be harder to do because of property improvements I have made?

Also, you'll eventually have cap ex (big items) to pay for and those costs are only going in one direction, up.