While initially enthusiastic about the potential of the property, upon inspection, I found myself overwhelmed by the extent of work required for its rehabilitation.As a beginner in this field, I must admit that I feel ill-equipped to accurately assess the necessary renovations and calculate the total cost of rehabilitation.

Is his business writing off depreciating equipment?

Real estate is a long game and there can be a lot of curve balls so if you have those four things you're best equipped to navigate the journey. 

The following rules apply to charging EVs at the Property:Level 1 Charging – (Standard NEMA 5-15 or 5-20 120V, 60Hz Outlet)An existing NEMA 5-15 or 5-20 at the Property may be used by the Tenant for the charging of an EV if the following rules are followed:Only Electric Vehicle Supply Equipment (EVSE) which are approved by Underwriters Laboratories (UL) are allowed to be used for charging EV at the Property.The EVSE shall not be left exposed to the elements unless it is expressly rated for weather exposure.

Here's one I received on an equipment dealer that's been in business for 70 years. 

In which case, take advantage of those, or restructure so you re able to.5) Consider charitable giving, if that is a part of your goals6) Consider what equipment and other purchases your business actually needs and purchase those to continue growing the business. 

Look around your home, 99% of the things you use day in and day out were made possible via financed capital so the companies who make them could build the equipment to make those things. 

I would also qualify it on no damages that exceed the security deposit.Hopefully you have detailed pictures before renting, and is a good reason for regular inspections to check that HVAC and other equipment is functioning properly, and allows inspection for damage from leaking roofs, etc., as well as tenant damage.

My leases clearly state that the "Tenant shall maintain all appliances, equipment, furniture, furnishings and other personal property included under this Lease". 

Don't have tenants work with dangerous equipment.