Instead of listing on the MLS, if you are trying to capture seller's or buyers looking to rent furnished for a few months in the interim you can get a lot of requests from Zillow.

There will be no capital gain due so no exclusion.If you really want to capture the section 121 exclusion while keeping control of the property you can sell it to an S Corp, but then you won’t get all the real estate tax benefit of passive income.

Other costs - need to examine item by item, and many will be subject to your accountant's interpretation.

Here's a link to the IRS website noting specific items that are included in the cost segregation study report on page 24.

However how much are you spending is this even going to be noticeable to your bottom line, or would you be better focusing energy on other items?

It's more complex than other types of businesses due mostly to the amount of items that need to be capitalized.

This might mean asking for personal guarantees or using assets like personal belongings, investments, or other valuable items as collateral, aside from the property being bought.

I have been cutting the grass and taking care of small outside items to keep it looking nice and keep the pests down.How can I go about trying to buy this home as an investment property.  

  Also make sure you look at utility access, as road/drive issues often are tied to other municipal items.

Updated some of the furniture and kitchen items.