For 20k in rehab you should have a new ac and furnace, hot water heater, updated plumbing, a new sink in the kitchen and bathroom, laminate flooring in the kitchen, new tile work in the bathroom, refinished floors, new ceiling fans, some light exterior work and some misc etc.

Moisture damage below the sink and in a bathroom ceiling which is slightly concerning.

Calculating the depreciation base, typically guided by a CPA, is the primary complexity.Except figuring out the depreciation base to use (what amount from the total acquisition cost goes for land and can’t be depreciated, and how much goes for the building/improvements to be used in the segregation and depreciation calculations, and even that should be an easy answer to figure out or get from your CPA), the rest is simple stuff your CPA will not know anyway (thus him sending you the “survey”) like, the sqft of the house, the length of the fence and if wood/iron/brick, how many ceiling fans in the house, how many cars garage, if carpet or tile in what room, etc.

Clear heights on ceilings and dock door features are going to vary by market, so go tour your competitors' inventory to get a sense of what is out there. 

In the other unit we created a simple surround with 6x6 white tiles from the top of the traditional tub to the ceiling.

Hello BP community,I have a condo in a multifamily building where the tenant below me has water damage in their bathroom ceiling.

Be sure that the plumbing and electrical are all good before replacing walls or ceilings or you could have serious trouble and expenses down the line.Regarding finances: I have used QuickBooks Desktop version (saves a lot of money but does not get the constant updates) for five years.

This way when I walk through, I immediately know on a high level if it can be done.For something like basements, maybe understanding things like required ceiling heights would be helpful.

For you, living in a househack is a means to an end.That being said, I once moved into a house with a bathroom that had a black ceiling and deep purple walls.

The living room ceiling was leaking and fell through.