The IRS generally considers a capital expenditure to be any cost that improves the property, extends its life, or adapts it for a new use.

If you own multiple properties, vendors may offer discounts for securing long-term contracts.Reassess Your Debt Structure→ If your mortgage terms allow it, you could refinance to a lower interest rate or extend the loan term to lower your monthly payments.

I also let people know they can't extend beyond x date.

If targeting new construction, keep searching for an extended period of time until you find a builder that has a good deal, avoid builders that clearly will be difficult to work with, it was easy to spot.

Issues like contractor delays, supply shortages, or unforeseen repairs can extend your timeline, which adds to your holding costs (mortgage, utilities, etc.).Tip: Factor in extra time for delays and have a backup plan to stay on track.Over-Renovating: Many new investors fall into the trap of over-improving a property, especially when they try to bring in their own taste.

My main concern is that the contractor does not extend past the 3 days and take any time off for weekend.

This in effect makes unpermitted units have protections that extend beyond permitted units, but that was not the intent but likely was required to ensure safe unpermitted units were not shut down.

Separately, there are tons of older extended stay hotels in all the major growth cities with people living in them paying (fairly high) monthly rates due to convenience or lack of qualification for typical rentals.

Which we should not debate here.The tax bill that would extend 100% bonus depreciation failed.

While we do run a business that is for profit - you always do not need to be a hard ash and if someone is going to work with you, then extend the offer.So this is what we did, and guess what, she did not trash the place, she moved out and took all her stuff and left the home very clean and spotless.