The flip side would be liabilities, taxes, payroll, inventory or accounts payable can have deferred treatments.

We have been active in the "buy-and-hold" model for several years; we have standard contract language regarding inspections (i.e. termite) that if its revealed that additional repairs/treatment is needed, the seller must remedy or the deal could fail.

Total treatment was about 6 months before getting into rentable condition and knocking the population down by so much percent each time.

Investors often focus on how long they have had title to the property to gauge whether their property would qualify for tax-deferred exchange treatment under Section 1031.Time is not the issue here.

My point about AP was more about how lack of title (on acquisition) confused my thinking as it related to tax treatment by IRS.As you know, I'm NOT a tax guy. 

Now if it was a flip it would NOT be eligible for this treatment.

Also, I was able to get a professional to stage for about $1,750 for a 6-month contract and they provided everything from towels, to pictures to window treatments.  

It may need more than one treatment. 

Properties acquired for rehab/flipping do not qualify for 1031 Exchange treatment. 

I don't like the heat treatment- specifically on older homes where it can warm the wood trim, windows, etc.