That depends.High quality vs lower qualityNew vs used.A mix of both.Could be $30k for good quality new stuff.Your CPA can tell you what you can deduct and what you have to depreciate.

If it's a long-term hold, removing the boiler can give you a huge NOI, so you should consider it... especially if you are already renovating!

@Katie Accashian I know it can be challenging to find a trusted company.

Quote from @Robin Cornacchio: Can you use a 1031 exchange on a SDIRA owned investment property? 

We will be the only or one of a few that we can see with this type of amenity in our market for a vacation rental.

After you find a great realtor, I do recommend getting pre-approved asap so you can be qualified for financing and know exactly how much you can afford for a property.

and seating so buyers can imagine how they might live in the space.

I seen online gift funds can be used with after 10% of my own money.

If you can't figure out how to escape that entry-level job and get into something that pays better, then I would argue you probably don't have the skills necessary to invest in real estate and manage it well.Focus on finding a job you can be proud of and that pays well.

However, an LLC can be used to open a business bank account.