I have a hand full of deals to look at as soon as I replenish my working capital.

Work hand-in-hand with your broker and leasing agent to confirm what market rates are doing compared to what is being paid currently.

He knows the area like the back of his hand is very helpful here on BP.

This means the cost would generally be capitalized and depreciated over time, rather than deducted immediately as an expense.On the other hand, if you were simply repairing the existing refrigerator to maintain its normal operation, that would likely be considered an operating expense.

Returns are higher but the downside is that it’s more hands on. 

As a self-managing investor, my returns have come from being hands-on, even with the occasional costly mistake.The benefits?

As a side gig, I sometimes do this for residential real estate agents to include in their hand-out package.

These are typically deductible in the year they’re done.On the other hand, improvements that better the property, restore it after substantial damage, or adapt it for a new use generally have to be capitalized and depreciated over time.Now, if the cost is $2,500 or less, you might be able to use the De Minimis Safe Harbor election to expense it immediately, rather than depreciating it.

On the other hand, keep in mind that there are costs associated with maintaining an LLC (such as the $800 annual franchise tax in California).2.

So they handed each tenant $500 to leave the building for “48” hours, and arranged to have the building burned down.