Our tax structure is based more on what you're doing as opposed to when you're doing it.There are always borderline things - a full kitchen renovation is probably a capital expense, but replacing the countertop could easily be an expense.

"Welcome to the Jungle" :-)That is a nice house, especially like the kitchen tile, backsplash, and countertop.  

@Danny Ondik Kitchens and bathrooms and nice looking flooring.Kitchens I may install new countertops, new faucets and paint cabinets so they look nice.I used to raise rents substantially after a turnover, but have many long term tenants now and am behind on market rents on many properties myself.I believe a 3% to 5% bump in rent prices shouldn't run anyone off if you are behind in market rates.

We went with butcherblock countertops because they were on a Cyber Monday special from Menards and we could install them ourselves. 

Also, when I rehab a property, it will always have new granite countertops, new floors, probably new cabinets, etc.

Check out NW Granite, Countertops, and Cabinets.  

My plan for the property was to cosmetically upgrade it nothing structural.We updated all the bathrooms (new tiles, vanities, fixtures), new carpet (bedrooms), laminate flooring (living room), painted the interior, added granite counter tops throughout the house, new SS appliances etc.

Based on my walkthrough I see the need for flooring, granite counter tops, paint, fixtures and door hardware.

And I've replaced countertops several times.  

Newly renovated meaning they replaced the bottom cabinets in the kitchen and installed granite countertops and new laminate and tile floors.