Thanks @Rob L..

I'm 22 and was just as eager when was l in college but I figured just to finish school, learn as much as possible about real estate, meet as many people as possible, and enjoy the 4 years in college.

Two of the safe harbors that can help you deduct improvements are below:1) 2500 de minimis safe harbor.the safe harbor applies to amounts paid during the tax year to acquire or produce what the regs call a “unit of property” (UOP), you must meet these requirements: (1)you need to have written accounting procedures treating as an expense for non-tax purposes amounts paid for property costing less than a specified dollar amount (which will be 2500 for you), or with an economic useful life of 12 months or less;.(2) the taxpayer treats the amount paid for the property as an expense on its books and records in accordance with its accounting procedures. ( do this on your bookkeeping software or whatever you utilize)(3) the amount paid for the UOP doesn't exceed $2,500. as substantiated by the invoiceNote: The cost for the Unit of Property includes l additional costs (for example, delivery fees, installation services, or similar costs) if these additional costs are included on the same invoice with the property.2) Small taxpayer safe harbor: To be eligible for the safe harbor, the total amount of improvements for the property for the tax year may not exceed the lesser of $10,000 or2% of the property's unadjusted basis.If the total amount paid exceeds the safe harbor threshold, the safe harbor does not apply to any amounts spent during the tax year.

Michelle L. - Thanks for the info! 

Originally posted by @Angel-Ty L.

@Darin L. 

I agree 100% with @Martin L..

Paul L

Let’s talk, I’m currently picking up properties in PAPaul L

I’m not willing to put an offer in on the sole basis of a public MLS listing, so I was thinking of asking for a P&L statement and some further information on the current leases and recent capital expenses before committing anything.