@J ScottI bought both your books two years ago and while the information in the books was not always applicable to my situation (I'm a DIY landlord, not a flipper), I'd like to take this opportunity to thank you for helping to teach me how to work through pricing and carrying out the project management aspects of larger residential renovations.

.- Capital losses can offset gains (Short term offsets short-term and long-term offsets long-term)- Tax loss harvesting - If you have other investments (At a loss) sometimes you're able to sell them and offset your gain- Charitable giving- Paper losses from your investment propertyWith some more information, we can hone in on which options would be applicable for you.Hope this helps!

If it just doesn't look nice, will it stop most of your applicants from wanting to rent?

Obviously it depends on the comps, but generally speaking over improved properties don’t necessarily bring in very much more rent (maybe 5% more), but they do get more applicants and rent quicker (unless they are overpriced, then they will sit).

Our rental application says it will be required upon lease signing, so they know in advance if they will agree to purchase it or not.

For one tenant that had a cat (inherited tenant and the only cat I've allowed), I had to soak slab with enzyme cleaner, didn't work well, then soaked in vinegar, replaced subfloor boards upstairs, replace trim all around flooring -- it's a huge undertaking requiring multiple applications.     

Currently there are 3 applications but not promising yet.Thx!!

Our PM received 45 qualified applications.

You need to ask for all information about the tenants right at the beginning of the application process. 

I put a SFR on the market week before last and had 10 high quality applications in 4 days (and I require completion of a free application before I show a property).