We then de-listed it to convert it to a 5 bedroom (still under renovation).I haven't noticed much of a difference between BR/Mineral Bluff/Morganton.

Quote from @Paul De Luca: @Samuel Pavlovcik Recommended.

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.

Hi @Kathleen Park - Some of the best advice was provided above by @Paul De Luca...check the Chicago Residential Landlord Tenant Ordinace (LRTO). 

(PA, DE, NJ) But this is totally dependent on your location. 4) What type of loan product are you using?

However, improvements generally need to be capitalized and depreciated over their useful life unless the amount is below $2,500, in which case you can utilize the de minimis safe harbor to deduct those costs in the current year.

In Delaware, a 60 day notice is required to terminate a month to month lease.   

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.

A little background on my current situation:I just recently moved from Wetumpka, AL to De Pere, WI.

Quote from @Stephen De Vita: Hello, I am not sure if this is in the correct place to post this.