He had to take out financing to pay for larger capex items.

Hi Francisco top items to start. 

The main items in our renovation are:New water main from curb and valveNew electric service and panelAdd bathroom + convert to full bathLVP in 70% of the houseInterior PaintingAdditional bedrooms in basementKitchenette in basementEgress(x2) in basementOur scope of work should create a great living space for us to grow into, but also provide a rental unit that competes (or even exceeds) the area offerings for medium term rentals.

There's so many moving parts in this business that just by removing or adding one of those steps or items can change the scenario completely to good or bad thing.

@Salvador Covarrubias I support the above comments, any time an appraisal comes back with subject to or listing deferred maintenance, the lender will require those items to be remedied or fixed prior to closing.

Estimate is excess 1.5K for claiming half the walls and ceiling in the home need to be repainted, every door in the house needs to be cleaned, and other random items.

Itemized construction budget4.

I’m an investor and property manager and what we see is that ongoing maintenance items that bother the tenant or that will do damage to the home need to be proactively addressed.

All I really want are the initial setup of documents to allow my company to write off more items.

Overall I like the program but agree people have too high of expectations and think it's a magical tool that solves every problem.My favorite is when the annual inspection comes through with such detailed line items like "fix door".Literally doesn't tell you what needs to be fixed, what door, etc.