Basically the city sends their own inspector out who compiles a list of items that are required to be fixed usually within 3-6 months of taking ownership. 

Some items typically needed to qualify for the loan are the following: 1.

LOVE offering my Airbnb guests amenities like a pool, spa, sauna, laundry, picnic area, etc; without having to personally maintain those items.3.

I could completely be misunderstanding the process, so thank you, in advance, for clarifying these items for me.

The list goes on.For mission-critical items, you want quality, not cheap.

Eric,Without going into too much detail on each line item, at first I use my back of the napkin method with a 40-50% expense ratio.

Giving them a laundry list of items will typically just overwhelm them and create more confusion instead of giving them a smaller step process to get more confidence to get the ball rolling and then they can get into the weeds on their state when they get the contractors out there, have local bids come in, and dial in their plan. 

Once you’ve made the improvements to your property, you should have the receipts to justify the cost of all newly added items.

First you need to learn to separate the following:Maintenance: usually things related to wear & tear or tenant damage.Repairs: usually broken items like doors & windows, caused by tenant or nature.Capital Improvements: usually expensive things that wear out: hot water tanks, furnaces, roofs, etc.The seller is correct that Repairs & Capital Improvement items should not be a factor for awhile (ALWAYS get your own inspection to confirm).

No, you cannot "write off a new truck every 3 years" as these reckless YouTube professors suggest.Prepay or delay personal itemized deductions.