If this is an older asset that has meat on the bone, the above item are completely acceptable and frankly not that expensive to fix.

When it comes to your LLC I believe that you should be able to capture the depreciation from those properties against your other ones assuming you are a qualified real estate professional as long as you are a single owner of the LLC.

The Summary page was reserved for 4-5 major issues like damaged trusses, anything leaking, undersized electrical panel, water under the house, etc....y'know, big and important stuff.So this joker has 5 pages of summary items...everything from loose doorknobs to a loose tile.

I just now received a message that the tenant is requesting for me to pay for some of her items that were damaged.

My property management has been good about day-to-day items like appliances and turn overs, but poor at comprehensive solve like exterior leaks and only one individual has been good at communicating with tenants.  

Account Closed so somebody has to sit at a computer and provide links to each item you cover in your mentorship?

If your doing it smart, your using a software, like showmojo or something that captures those looking at it.

By identifying and classifying the various components of a property, it may be possible to accelerate the depreciation of certain items and potentially reduce your tax liability.It is important to note that the rules around cost segregation and depreciation can be complex, and it may be beneficial to work with a qualified tax professional to determine the best approach for your specific situation.

Here is the issue with property #1, your positive cash flow is small but the hold being 10 years and the majority of large cost cap ex items have lifespan of greater than 10 years.  

Here’s your answer:Depreciation (Line 13/14) – can be added BACK as income Business Use of Home (Line 30) – can be added BACK as incomeVehicle Miles (Line 44A) – can be added BACK as incomeUn-allowed Meals and Entertainment (Line 24B) – is subtracted FROM your incomeIf you have a choice on HOW to deduct the items above then you want to CHOOSE to try to deduct them in those categories.