The average renter does not stay for a decade or two, even in rent controlled areas.

Tax laws are constantly evolving, and staying up-to-date is crucial for businesses and individuals alike.

I recommend setting aside a contingency fund of at least 10-15% of your total budget to handle surprises without derailing your project.Juggling multiple contractors and staying on schedule is tougher than it seems.

Studies have shown that the longer a poorly paying or non payment tenant stays in a property, the greater the chance they do purposeful significant damage to the property.  

Bonus depreciation is phasing out, but a cost segregation study can still help with tax benefits.Make sure to stay compliant with local laws and HOA rules, as regulations are strict.

I have all the things set as you with a higher minimum stay as well but in the last 6 months I fell from the first page, maybe second to non existent.

. $30K should be more than enough for fresh paint and flooring and some other odds and ends, but if you need dry wall, cabinets, countertops, mechanicals etc it could get much pricier. 

However, my wife took advantage of an impromptu conversation and it looks like they will stay until January. 

The exact amount of capital gains you can offset will depend on the cost segregation study results, so it’s crucial to discuss this with your tax advisor to ensure you’re maximizing your benefits while staying compliant.

The goal is to make them stay for a long time.