Look at the comps in your market, having extra storage is a bonus so as long as it has working electrical I wouldn't spend much time or money on it other than making sure it's clean for showings.

TIAGlad to see you’re taking advantage of bonus depreciation.

Taking bonus depreciation early is a tax deferral, not a tax savings.Recapture is real and debt must be repaid!

Never mind the quality customer service you get from an LO who is more incentivized to close your loan rather than a W2 employee who is paid hourly with small commission bonus. 

The #1 way real estate investors defer taxes to later dates is with a system called depreciation and bonus depreciation.Depreciation is the act of slowly, over time, deducting the initial expense of an asset against your taxable income.Generally over a 27.5 (residential) or 39 (commercial) yr time frame.So each year you can write off a few percent of the purchase price against your income. 

If you are not a real estate professional and bonus depreciation is limited to 40% starting Jan 1, the tax benefits are going to be pretty minimal unless I am missing something. 

If it isn’t a “bonus” situation listed below I wouldn’t do it as a seller, even for 12%. 

I also get the added bonus of a bunch of travel points haha Is it possible to get this loan for an investment property?

 - Section 8 signing bonus.

We use his expertise for a different reason but feel free to PM me and I will share his info.Also, for those on this thread who are seeking to defer tax in 2023, consider the value of syndications who are utilizing cost segregation and bonus depreciation.