So not only do you lose the opportunity to defer the tax you'll end up paying ordinary income on the profits.That's an almost 40% swing in profit. 

I do have existing footprint space (roofline covered front patio) where I could add an extra full bath with minimal disruption and an excellent contractor who thinks he can do it for <$10k.

Re-screened back patio and removed derelict shed.

The general advice is to hold properties in LLC's and have operations in an S-Corp if your ordinary business income is above $40k.

@Linda Thomas I use"Smoking and/or vaping by Resident, Resident guests, family, or any occupants is not permitted on the Property including the garage and covered patios.

I also like the tax advantages of long-term real estate investing, vs the ordinary income that flipping generates. 

This goes for covered patios too.

I would say it's not too out of the ordinary.

In addition to the TVM of getting money now (or next April 15) w the bonus depreciation tax write off in year 1… Would I also be gaining the difference between bonus depreciation money now offsetting ordinary income at a 37% tax rate vs the future sale recapture at capital gains rate of 25% (assuming I don’t 1031 into the next property)? 

The contractor is from hearth and patio apparently.