Paul S. agreed, thats why i never have it... fortunately most of the rentals have nice hardwood underneath the carpet that can be sanded and restored... saw your earlier comment about floors and I have acquired a property with solid floors that needed remediation because of pets... i guess if neglectful owners let acidic dog piss sit long enough damage is done

The only difference of not using that money this year is that you could not increase the basis of the property for the amount you spent to restore, but once you hire a contractor, you will capitalize the cost.  

I sent a restoration company out as there was moisture to baseboards and some of the drywall in the room.

See if you can stock up on them at the Restore Store (Habitat for Humanity secondhand home improvement store. )  The faux wood doors are easy to paint in place and do not leave brush marks. 

Restoration of EntitlementVeterans can have previously-used entitlement "restored" to purchase another home with a VA loan if:The property purchased with the prior VA loan has been sold and the loan paid in full, orA qualified Veteran-transferee (buyer) agrees to assume the VA loan and substitute his or her entitlement for the same amount of entitlement originally used by the Veteran seller.

My family has a history of restoring old Victorian homes in California, and during the Covid Pandemic I've become obsessed with researching and developing a high cash flow/growth investment strategy in Real Estate Investing.

I'm no longer looking at this property but you guys restored my confidence in running numbers, now I just need to find worth while properties haha

My claim was approved and the buyers are good with , however if I sell the house will I still get funds to restore property or will insurance company close claim and not pay out?

Let me know if you are interested and i can get you an address or 2I am always interested in knowing about potential deals.I generally look at some real dogs, so I always assume that everything will need restoration including the septic and well.

Tore out carpeting and restored original hardwood floors, new furnace, minor cosmetic (paint, cleaning, etc).