The only question is, is it an operating expense (full immediate deduction, or a capital expense which gets depreciated over its life span.

According to the 2022 study, home prices in the Midland area jumped 266 percent from 1997 to 2021, with a zero percent chance of a 5 percent decrease in home value over a 10-year period.Half of the metro areas in the study’s top 20 are in Texas, including the state's other major metros.Houston ranks sixth, with a 221 percent rise in home prices over a 25-year span and a zero percent chance of a 5 percent loss in value over a 10-year period.

The Attic spans the same distance as my unit, it is currently drywalled but it looks pretty old.

That will be your life span.

AND I will point out there is added missing details such as where does Cap-X stand, where in life-span of mechanical systems is it, how much deferred maintenance, yeah, little annoying things I like to call facts.

Additionally if it spans through a year it adds even more headache.

Just needed some love.We gutted the entirety of the upstairs bathroom and kitchen.Drywall repairs where needed and paint all over.Sanded and refinished the hardwood.Laid vinyl flooring where needed (kitchen, bathroom, one of the bedrooms).Added a few windows & a new garage door.Just to name a few things.This project is what dreams are made of; 40k profit in the span of 4 months (project start to house sale).

Silver Spring as a whole spans a large area, but the neighborhoods within the beltway have a mix of young professionals and families. 

Unless you can find some home run deals to wholesale in this current real estate climate, its unlikely you can make a killing in a 3-6 span.

Austin had already returned to pre-pandemic job numbers by May of last year:In fact, on a percentage basis, Austin's employment numbers outperformed all other U.S. metros from Feb. 2020 to Mar. 2022:These job numbers largely explain the tremendous and continued demand for Austin metro housing that, in combination with extremely low supply, produced a roughly 55% increase in the median home price in the 24 months spanning March 2020 to March 2022.