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.

Game changer for active investor looking to get more passive investments, busy professional looking to diversify in real estate, individual investor looking to get into commercial or larger assets. 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

My lease requires professional carpet cleaning, which would cost more than $500 for a home of that size.Yes, it's reasonable to reduce the cost because she was such a long-term tenant.

Greetings BP community, I recently joined a national senior care living development team. I'm coming from smaller scale mixed use development and fundraising. I'm data driven and would love to immerse myself in IL, ...

The results of my students were about the same and they would create about $100,000 of increased net worth during the coaching program.

Readers should seek professional advice.

@Michael Addison You may be surprised to hear that there are actually SOME DSCR programs that will price inside of Fannie/Freddie today on investment properties by a few BPS assuming top tier FICO today. 

Matt Scott, Incite Venture Capital and his team can be summarized as follows: over priced, non responsive, non professional agreement breaking, chip on their shoulder and otherwise a bad investment.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?