You can make minor adjustments based on the type of appliances (dishwasher, clothes washer and dryer, air conditioning, etc.) and the size of the rental.

Quote from @Dawn Brenengen: I'd hold onto the cash if it were me.

With a SFH with washer, dryer, and dishwasher included you could be looking at around $50 for Water and $50 for Sewer conservatively.

Stunning remodeled 2 bedroom, 2 bath manufactured home in Sierra Dawn Estates, the highly sought-after 55+ community in Hemet, CA.

It has washer and dryer, electric stove but no dishwasher.

My question is; should I save all receipts of purchases for the house (vanity, toilet, dishwasher, flooring , materials for adding value to the house, etc) or is that overkill?

You can make minor adjustments based on the type of appliances (dishwasher, clothes washer and dryer, air conditioning, etc.) and the size of the rental.

Assume the unreduced basis of the building is about $350k (I took out the land value)*Add New Deck - $8k*Interior/Exterior paint - $3k*Dishwasher - $500*Landscaping materials - $1500*Wood/sheetrock to build walls to enclose an existing space - $500*Furniture (beds, tables, chairs etc) - $5k*Hot Tub - $5kCan we use the SHST or De Minimis or Routine Maintenance safe harbor for any of this? 

We had one airbnb in Vegas where the dishwasher was broken , no compensation,  found out when we showed up.

@Dawn Brenengen in the Raleigh/Durham market