Total cost is $3,200.I know the De Minimus safe harbor rule allows you to deduct anything under $2,500 and that anything over this amount, if considered a capital improvement, would need to be capitalized and depreciated over a certain period of time (the life expectancy of the improvement).

If the property needs capital improvements and as it stands is worth over 125k I could see a lender potentially issuing a rehab holdback against the ARV..

This presence alone has drawn other logistics and distribution companies to set up shop in the area, solidifying Louisville’s reputation as a key logistics center in the U.S.Moreover, the automotive industry is making waves with Ford’s massive investment in the BlueOval SK Battery Park in nearby Glendale, Kentucky.

For example, I broke down and bought a forms package for $1,000 that saved me so much time and improved my company, particularly as I brought on employees.

There are a few things to consider as a host to improve the listing and maximizing revenue.

Added cheap square footage and improved features - ie. additional bedrooms, quality outside space, and upgrades throughout

STR regulations are a big consideration before you make any big capital improvements specifically for short term stays, also running your numbers and making sure that your area offers consistent returns above what you'd get renting it long-term.

Either the rates improve and it can cash flow with a long term mortgage or I can sell it when the market improves (I feel like both will happen at the same time). 

I'm hopeful that this project will bring additional businesses, housing, and improvements to the neighborhood in booming town. 

If your building is the problem building then you need to clean up and I would probably give everyone 60 days notice to get out, rehab and improve my tenant quality.