My mountain home needed to be completely refurnished plus we added a hot tub (a must for cabin rental) which came with reinforcing the deck, so to get it Airbnb ready it was about $10,000. 

Sure I can be safe and treat it as a capital expense, but I don't know if it makes sense to.We have a small rental property with a huge deck.

I had to tear down an old deck and build a brand new one.

.- Roof & General Water Leak problem, Mould, Radon, InsulationGeneral Repair - To be done by local Contractors- Painting - Trims, Ceilings, Doors & Frames, Windows- Sheet Rock, Dry Wall, Wall damages, Door Frame damages- Caulking in Kitchen, Bathrooms- Plumbing - Water Leaks in walls/ ceiling, Water runs freely, cold/ hotvalves, pipes under vanities and kitchen, invisible pipes- Stair Railings, Decks- Electrical - Fixtures, wires, insulation- Professional Clean up in the endStandard Items - can be done by home improvement franchises-New AppliancesFlooring - Wood, Carpet, TilesKitchen - Countertops, CabinetsBathrooms - Seats, Tubs, VanitiesHVAC - Water Boiler, Air conditioning

@Jason Deck - I know a realtor working the Chicago area, who deals in MF properties,  what class properties are you looking for and what is your price range?  

It's in a great neighborhood, has a big kitchen and a deck on the roof.

If there is a deck or patio that looks to be sagging or poorly constructed, it could have been built without a permit (not inspected and not done properly) call the building department as ask of there is anything you may need to know about that specific property. there could be outstanding fines.  

If you can't stack the deck in your favor in this manner, then you do not play the game.

The basement has 4 units in it, has all concrete floors and holds what will be our office, a gym, a laundry room (we will provide washers and dryers that are not coin opp...so the best washer and dryer suggestions) and a party room for tenants to book if they want to use it.All utilities will be RUBS back to the tenants to reduce operating costs.We are also adding a rooftop deck with a plan to have green roof space w possible rentable space for organic farming for tenants.

We had a $4.5 million raise, so we needed all hands on deck so to speak to meet it.