The loan does need to be secured by the property being improved if we are talking about a personal residence and personal itemized deductions on Schedule A.

Owner needs cash for some improvements, but if he refis interest rate is 11%.  

I have improved my vetting skills quiet a bit in the last year, so things are more stable now.

We’re using a well-known Columbus CPA firm this year and for a similar price the work has been better, and the engagement is night and day improved. 

Don’t forget heloc, DSCR, 2nd on primary, borrow from retirement accounts, credit card cash advance, property reserves, home improvement store credit, etc etc.

@Paulette Midgette I haven't looked at that statute in a while but I would check to see if the Home Improvement Consumer Protection Act ("HICPA") applies to this situation.

We then use our money for the improvements.

To streamline design choices, create a design guide or "mood board" beforehand to stay consistent with finishes that match the neighborhood's expectations.For monitoring progress, a property manager can sometimes oversee construction, but it’s typically better to rely on the GC for updates.

@Nate Pucel The depreciation basis for a rental property includes the purchase price plus the cost of renovations and improvements that add value or extend the property's life.

A good manager can improve performance for a mediocre investment; a bad manager will kill a good investment.