Little paint and the contractor I found let me buy the material and only charged me labor.

You could argue that your property has not materially improved and does not meet the same value as the most recently sold properties.

The cost of labor , materials , property taxes , inflation , interest rates  etc .

Most are flimsy, thrown-together with uber cheap materials. 

I don't expect material improvements until 2026 at the earliest. 

These templates cover various aspects of subcontracting, including responsibilities, materials, and liabilities3.

@Steve CrispIf you meet the material participation guidelines and qualify for the short term rental loophole you should get a free cost segregation estimate to see how much you would benefit from the accelerated depreciation. 

I didn't use it, but I looked at the marketing materials.

The appraised equity rarely materializes on a sale in these markets but the appraisals offer false impressions of the "asset" that was acquired.

Keep in mind his financial numbers are only material when offering an investment.