If this was your primary residence, I would highly recommend selling within 3 years of converting to a rental to maintain the section 121 tax free gain on sale of a primary residence (250k exclusion for single and 500k married). 

My 2024 goal is is get to $15,000/mo. in passive income from (40-50) single family houses renting to Section 8 tenants.I'm behind on the goal quite a bit.

My contractor is estimating around $1,000 to replace that section of pipe. 

If I build a full road to the property, I would have to build 240 feet before I would reach the corner of my lot. 

Bonus depreciation allows for the immediate expensing of a substantial portion of qualifying property placed in service, including improvements to the property, while increased Section 179 expensing limits enable accelerated deductions for certain tangible property used in the rental business.Hope that helps! 

@jake knight All Good points  @Jeremy Tallman I have one in Brownsburg (Hendricks County) that doubled, but another one around the corner that increased a reasonable amount - (same square footage). 

The time of the clean cut, good guy champion has arrived  I remember when I was a babyface....Over a decade of evicting Section 8 tenants will turn anyone heel.

You can reach out to a few lenders and a few agents in both markets under the “build your team” section of the navigation bar anytime.

If they don't trust me, they will cut corners another way and the quality of the calls will be terrible.

Then you will have a leg to stand on during audit.You can do it yourself but the time involvement in reading the depreciation sections and understanding detailed construction costs will likely outweigh the benefit.