For future years, we probably wouldn't meet the 500 hours test (though we still do participate a significant amount as we periodically re-stock supplies at the place, handle most maintenance issues due to shortage of workers in the town, and monitor sensors during guest stays - leak sensors/heat/stove).Specific Questions on Depreciation:Assuming that I have the qualifications for non-passive activity, I then have some questions on bonus depreciation and related stuff.5) It is my understanding that Qualified Improvement Property (QIP) bonus depreciation is probably not useful for me because I did most of the renovations prior to placing the property in-service (save for a few things).

It appraised at $553k and the inspection showed lots of minor to moderate deferred maintenance, mainly needing a roof and some foundation repairs and a few water leaks inside that need addressed.

To me, when a roof is starting the leak it should be repaired/replaced, so I rarely wait to fix a roof.

I called the agent and it sounds as if the issue was really with the front porch allowing water under it and causing water to leak into the basement.

The owner attempted to fix the issue but tore up the drywall and couldn't locate the source of the leak.

If the washer you provide leaks and ruins the tenant's property then you will be responsible to repair or replace their belongings. 

First off, once the work was pretty much done, I found a leak after this crazy storm we had.

One of our tenants had a higher water bill due to the leak that has happened because of water heater failure.

Where was the water leaking into, the attic?

One of the toilets is likely cracked near its base (it leaked “clean” water when flushed) so we were going to replace it… that and the whole house needs some cleaning (we are already spending 10k of our own escrow to clean the place and move items out.