It is a 'capital improvement' and will be used to adjust the depreciable basis of the property when it is placed in service as a rental.I'm sure your wallet can't tell the difference between an expense and a capital improvement at this point, but that's how the tax code classifies them.Best of Luck!

If you were a computer programmer, you would want the best and fastest hardware and software available to write the programs and be the most successful, right?

As prices rise, yields will decline for new investors (but not for those who got in early at arbitrage prices)- Many investors will lose their shirts during the next recession in their market (or even as supply grows in their market) bc they purchased STRs at too-high prices assuming revenues would stay consistent like rents have in housing (they wont - hospitality spending is discretionary, housing is not, so hospitality demand will swing with the size of peoples wallets).

uid=2197862 -420 1 1 -420 Upstairs Fixture budget TBD -150 1 1 -150 Cabinets http://www.homedepot.com/b/Kitchen-Cabinets-Cabinet-Hardware-Quick-Ship-Assembled-Cabinets/Hampton-Bay/Dark-Brown-Wood/Shaker/Wall/N-5yc1vZary9Zp4Z1z0tsleZ1z0u1s5Z1z115og?

If an investment continually drains your wallet, it's time to reconsider.In the world of real estate investing, target returns like Cash on Cash of 8% or higher should be your guiding star.

You can have buyers sign pieces of paper, but they only hold up in court and only if your wallet can withstand the hourly rate of your attorney.

Lesson.... rentals in NJ are hard on the wallet!

This is what some would call a wallet biting eyesore.

Be careful that your passion does not affect your wallet.

I got a call a couple of hours later from the tenant's boyfriend (who also lives there) saying that the girlfriend's wallet was light $100.00.