that prompted the discussion.I see a trend on tiKtok where people decorate entire walls with trim, form, LED lights etc and we try to make it clear at move-in that all modifications require approval and the property has to be returned in essentially the same condition as originally provided to them

@Muthu Subramaniam, the larger the number of units the easier it is to budget for and weather the ups and downs of property maintenance costs.A warranty will cost SUBSTANTIALLY more in the long run than the value you get from it.

The property had a main house that was in livable condition, but mostly original from 1986.

Quartz makes sense for a high end unit/ fancy neighborhood where you can and will attract tenants willing to pay more for them.Repainting is often a no brainer, but could be based on the current conditions as to whether or it is needed.I agree with Melanie on researching the washer/dryer comps. 

While some investors weathered these challenges better due to diversified portfolios, others, like yourself, felt the impact more acutely with single-property investments.

But you don't have any hedge against changing market conditions.

If its not selling its , location , price , or condition or a combination of all 3 

Either your current rents are too low and/or the property is in poor condition.

Sec. 1.167(a)-(11)(e)(1)(i) provides that property is considered to be placed in service when it is “first placed in a condition or state of readiness and availability for a specifically assigned function” (emphasis added).

In my mind those usually take more work to get into a rentable condition, but maybe I'm totally wrong on that.