Source in terms of time BiggerPockets https://www.biggerpockets.com/blog/defining-asset-classholis...All I'm saying is when defining something it should easily be applied across those items being referenced. 

If it's part of the contract that the seller will take care of all of the village inspection items and now he's refusing then your attorney (if your using one) should be communicating to the seller that he will be in breach of the contract if he does not take care of the items. 

What's most important is simply having an itemized scope of work for the $70,000 rehab--you want to be able to explain how you got to that number and what exactly is going to be done to the property. 

Guests typically only use their suitcase anyways, Dressers are also a great spot for guests to leave items behind that the host has to then deal with. 

As long as I am diligent about my receipt capture, this limits the number of open items for a bookkeeper to clarify with the client.This is how I advise my clients as well.

The work took one week to paint the whole interior except living room and hall way, fix some concrete on the porch, landscape, and a ton of miscellaneous items inside the house.

He did not give us items that we had already paid for: new HVAC, all new kitchen appliances, hot water heater.

Lastly, you can ask what other investors pay for items in the area and base prices on that.

Keep track of what items are purely for the rental unit and what items are for both units.If it's an item that is technically for improvement of the whole house (landscaping, common area improvements, exterior siding/painting) you can only write off a portion.

We're living here now so looking at pictures you'll have to use your imagination with our personal items gone.