According to my research a capital asset is:The IRS indicates what constitutes a real property capital improvement as follows:Fixing a defect or design flawCreating an addition, physical enlargement or expansionCreating an increase in capacity, productivity or efficiencyRebuilding property after the end of its economic useful lifeReplacing a major component or structural part of the propertyAdapting property to a new or different useA repair is as follows:Improvements that "keep" property in efficient operating conditionRestores the property to its previous conditionProtects the underlying property through routine maintenanceIncidental Repair to propertyReference is http://www.dbbllc.com/newsletters/focus/mar2012/irs-clarifies-capital-improvement-vs-repair-expenseNext time I will rent a small excavator, dig my own hole, and put on a Fernco.

When homes are in an auction I focus more on finding defects to validate my limit of what I am willing to bid.

If this property has big defects you should command a discounted price.

A SFR with structural defects might cost $150000 to fix.

This can provide the buyer with peace of mind regarding potential appliance or system failures.Seller’s Disclosure: A detailed seller's disclosure statement regarding the condition of the property, including any known defects or issues, should be included.

Please go see my profile with my background.No, I am simply pointing out the defects in your teaser post.

If you have lots of sloping floors, sagging joists, visible defects or damage to crucial framing members, these can add up as well.

So, if I am reading this correctly, this is what is called a "Latent defect".

The good news is that bad credit is not a character defect or unfixable.

It might be defective, it might not.