Also, per the images, a crack develops in the kitchen, on the other side of the house where the wall meets the ceiling. 

And then you will purchase a new investment property and all of the gain is tax deferred indefinitely as @Jaron Walling said.The way to combine and get both advantages would be to move out and turn that property into an investment property for a year. 

& different parts of the asset can be depreciated on different schedules.To find out the useful lifespan of each component, you do a cost segregation study to analyze all of the parts.The raw land can't be depreciated so you start by giving that a value first.But other items can be depreciated on a quicker timeline.A roof, road, sidewalk, fencing, walls, gates, doors, latches, flooring, air conditioners, pavers, curbing, landscaping, etc.The IRS has a depreciation schedule for each type.Some parts are 5 yrs.

So don't let your contractor pick "whatever" color.

From what I've read in the Wall Street Journal, Austin's push to increase zoning for multifamily developments seems to be making a real difference.

Quote from @Rose Jones: The #1 problem with fish tanks is that they leak and cause damage to the floor or walls.

Like playing loud music in the middle of the night if you upset her which goes through the walls.

Two walls need complete reframing from water damage from bad windows.

It won’t be possible to assess the damage as wires and wood are behind the wall.

I have been searching and seeking out stuff for over 2 years now and run into a wall, so I thought here would be a good place to ask for some more help.I have reached out to a myriad of investors that have wrote books, meet and local groups, and places like this and they have all said the same thing.