Minor interior improvements, professional photos and better advertising for short term rentals.

Purchase price: $125,000 Cash invested: $85,000 Started off as a run down outdated 1 bedroom 1 bath home in Sanger - was purchased from a wholesaler for $125k - Added 1 full bedroom to the house, replaced wall heaters and window AC with HVAC ands ducting throughout - replaced old circuit breaker panel with new updated one and rewired interior electrical, replaced all windows with dual pane windows, replaced most of the doors, laid new carpeting in the bedrooms and wood plank flooring in the living room, tile in kitchen and bath, added new baseboards and painted interior, replaced all doors in the house, granite countertops, new lower cabinets, all new appliances, added rails to the front porch, converted an older closet into a laundry room / new closet, completely remodeled bathroom to make way for a new door to the new bedroom ( not shown in pics), new wall tile in tub/shower, redid some roofing, and painted the entire exterior.

Add 1 bedroom to the house, HVAC and ducting throughout , rewired interior electrical, all new dual pane windows, replaced doors, new carpeting in the bedrooms and wood plank flooring in the living room, tile in kitchen and bath, added new baseboards and painted interior, replaced all doors in the house, granite countertops, new cabinets, all new appliances, a laundry room / new closet, remodeled bathroom, new tile in shower, redid some roofing, and painted the entire exterior.

I’m doing the interior framing, flooring, tiling, painting and kitchen and bathroom rehab etc.

Exterior and interior painting?

Sure you can bid remotely, but you want to at least do a drive by, and if it is vacant take a peak through the windows to gauge interior condition.Go in person to your local auction and do some dry-runs (bid in your head). 

You can deduct the cost of labor and parts to maintain or repair your business assets, as long as the expense doesn’t prolong the useful life of the asset or increase the value of the asset.Tangible Property Repair Expenses That Are Deductible:Replacement of LightingRoof repairsResurfaced external or interior floorsResurfaced parking lotsInterior or exterior paintingReplacement of doors and windowsRekey locks

The interior configuration of the buildings allow for flexible reconfiguration to accommodate a variety of tenant uses.

Did you use an interior designer to do this?

Each of the 4 did not have ducting. 2 of them have one interior unit and 2 of them have 3 interior unit’s (2 in BR, one in living room).