Hello AllWe suffered fire damage about 2 weeks out from listing....less than 5 hours ago.

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.

We solved the problem by extending the closing date and got an installment plan for our tax bill.

Unlike a lot of BP publications, it's really more of an extended pamphlet with some good pieces of information, but if it is "the book", it's only because it's the "only book".The chapters are approachable and reader-friendly, but you won't find any nuggets of golden information within the pages if you already listened to the authors' appearance on the BP podcast.

Your payment will still be the same so if rental income suffers you still end up having to sell or take whatever other action. 2.

One should also consider, if it really is for public benefit, why then should property owners be the only ones to suffer from the effects? 

HVAC, I genuinely feel that the guest experience would have suffered if I didn't provide central AC.There really isn't a business case here other than "make the property as good as it can be" which I can see is not optimal from a capital perspective.

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.

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.

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