This means appliances like washer, dryer, refrigerator, microwave, dishwasher etc etc etc right?

Or get the low end stove $400, fridge $450, microwave $175, dishwasher $250, Washer/dryer $650 all new.

If it costs $2500 for a stainless fridge, stove and microwave how long will it take to see that profit?

A lot of major appliances such as AC, built-in microwave and wall oven, dish washer, TV and car garage system did not function after this incident.

Can you get away with replacing the stove with microwaves?

Overall, this project was a much smaller rehab than we are used to but in a little over a week we completed the following:- pressure washed the outside of the entire property- repaired and replaced damaged sections of gutters- replaced thermostat- re-wired furnace - painted exterior doors and shutters- replaced carpet in the living areas (living room, dining room, kitchen) with Allure vinyl plank flooring- steam cleaned carpet in all three bedrooms- replaced old vinyl floors in both bathrooms with ceramic tiles- repaired several areas of the walls with large holes- painted the entire house realist beige (thanks JScott)- Resurfaced the kitchen cabinets and repainted- purchased and installed all new appliances (dishwasher, stove, fridge, microwave)- replaced all switch plate and outlet covers - cleaned the house front to back and top to bottomDuring this time we had our lease agreement reviewed by our attorney and were getting other administrative and operating processes finalized to be able to rent the property.

I wouldnt buy a used microwave or dishwasher, but used stoves are a great chance to save money.

I am curious to know what you guys do with the items that remain in the house after you purchase it; i.e. refrigerators, ranges, microwaves, etc. if they will be replaced in the rehab process but are still usable.

In the state contract I had listed, ceiling fans, lights, refrigerator, range, oven, microwave, washer, dryer, dishwasher...and all those were crossed off.

So for all the personal property I converted(oven, microwave, etc) the basis for depreciation is the lesser of fair market value or adjusted basis.