Buy your Own MaterialsThe hot tip for the week is: Buy your materials / supplies, especially for high-priced /large / single items.

If the improvement has a life shorter than 20 years (items that would show up on a cost seg like carpeting, etc) you can take 100% bonus this year.

Mortgage interest is (potentially) deductible as an itemized deduction on Schedule A only if it is secured by that given property. 

Last item would be on the chance that the damages were SO severe, that you could look to file a claim with your hazard/ home insurance. 

Income is $600,000 per year and husband and wife both work full-time non real estate jobs.Is it true that the tax benefits are greater, or realized more quickly, on purchases like furniture or televisions to itemize a rental property, when they are made AFTER the date the property is put in service?

Good morning fellow BiggerPockets,I just received a final term sheet from Acqua Funding with a line item called Capital Markets Fee of $2250.

thereby allowing these plumbing updates to pay for themselves).I've got the toilets and faucets all picked out (because I have personal experience with these and I know which ones are good) - but I'm not sure what to do about the shower heads...I know that shower heads are an item that can be the biggest money-saver (because these tend to consume more water than anything else).

Offer to pay for 1 month to store their items at a storage faculty and provide money for a moving truck to get their items to the storage facility. 

You have to buy a property that will produce enough income to mitigae those items.

I will remember to look out for these items.