Generally, maintenance supplies like paint are categorized as supplies, while light fixtures can sometimes be categorized as assets if they are permanently installed.Fencing, Lumber for deck remodel, Roof replacement: These are typically considered assets because they are substantial improvements to the property that enhance its value and longevity.In terms of tax implications, categorizing expenses correctly can impact how they are treated for depreciation or immediate expensing under tax laws.

However, given that the permit is only applicable for the above zones, which basically only cover multifamily/commercial properties, it limits your options substantially. 

Main things we are looking for are:1) Are residents keeping property in decent shape2) Any leaks or issues that could lead to substantial damage3) Any capital repair concerns (mostly foundation) that we might need to address4) Long term guests who aren't on the lease, pets who they're not supposed to have, etc.We also change the furnace filters (because we don't trust them to do that), clean off the AC units and are considering cleaning the gutters for an added fee if tenants request it. 

This effort led to a successful sale on 12/03/2018 for $199,900, demonstrating the effectiveness of our renovation and marketing strategies, resulting in a substantial profit.

If the buyer is substantial and honest it may turn out all right anyway.  

My husband and I are among the affected people and we lost hope of recovering any substantial portion of our investment.Things started to go south in mid-2021.

This is why we require an in-person meeting (which everyone complains about) and unfriendly disclosures that state the high-risk nature of real estate investing not once but twice before we ever send out a property:“Real estate investment is speculative in nature and risk of loss can be substantial.

The following is based on my personal experience and is my opinion; it may differ substantially from othersAttending seminars, boot camps, introductory lectures, etc., put on by people trying to “upswell” mentoring services, is the singly WORST thing you can do to launch your real estate career.  

In many beach markets however, having a pool is important and can increase revenue substantially as opposed to not. 

This is either your time and gain the experience the difficult way or you pay a PM a substantial part of the rent.