Example: the famous $2,500 de-minimis safe harbor for deducting expenses that are normally depreciated comes, among other restrictions, with an anti-abuse paragraph.

Safe, clean, etc.

Looking online is better than nothing, but selected pictures never tell the full story. 

Now I still feel interconnection is hard to estimate as investor even some of these information are available online and this is the biggest risk I am taking here.

From my online research the prices are too high and pretty much a not so ethical way off doing business.

As a result, you will need to depreciate this expense over a period of time instead of deducting it in the same year.Because the amount exceeds $2,500, you cannot take advantage of the de minimis safe harbor.

You should run your numbers independently of a proforma to be safe. 

Are you interested in collecting payments online with the reporting included or just rent reporting without online payment processing? 

I've spoken to some and none have said this is a safe loan to make.Best of luck,

Fix everything you plan to, clean it, have it professionally photographed and listed with a realtor to make sure you get fully vetted tenants and the most options.If you were a renter in today's market and walked into a new listing with a nice front photo online and it was under renovation, would you pay market value?