The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.

Quote from @Erick Pena: Hi everyone,I’m new to real estate investing and just finished reading Brandon’s book on investing with no money down.

I say "may" because while I have read about this in several places, I have not personally verified this to be true.I usually pay contractors by check the minute the work is finished and approved.  

4) How do the finishes & amenities of your property compare to competitive properties?

They accessed the property until they finished moving everything out on January 8th.  

I updated the kitchen with high-end appliances, installed custom cabinetry, and added modern finishes throughout.

A underwriting that i recently completed on an offer we made i used $600/month maintenance/cap ex and believe it to be as accurate an allocation as i could predict (4/3/1, 3100’, class a finishes).I use $300/month in my market on an attached 2/1/0, ~700’.  

Buyers expect premium finishes, so skimping on quality can hurt resale potential.

Click Finish and send it.

I manage hundreds of rentals and most of them are caulked every 5 - 10 years.DR Horton was the builder, and after we did two inspections and closed on the house, we found out that a good chunk of the roof was missing - they quickly finished the roofing.