The depreciation recapture rules require you to report any gain attributable to the depreciation deductions you've previously claimed.In your example, you spent $7,000 on flooring in 2019, and let's assume you started depreciating it in 2020 over the standard 27.5-year period for residential rental property.

When you eventually sell the property you've improved or worked on, the IRS may view the increase in value attributable to your sweat equity as a capital gain.

I WANT TO STAND OUT from other investors.  

Would love to learn from other investors on this forum what they attribute this to.

This is a post from BP that I saved, but don't know who to attribute to?

Hope that helps, while it could be price my guess is it just doesn't stand out in a positive way.

I am dangerously close to acquiring a rental property (which should close dec 30th) I believe my success with this goal is greatly attributed to my team of awesome people who have helped me through the process.

The attributes I bring with me beyond life experience encompass so many angles of owning, investing, renting, renovating, building etc  except as the owner or investor.  

Part of phenomenon you describe can be attributable to owners expecting prices to rise due to the speculation over the bitumen pipeline coming to the City and the corresponding refinery and port expansion.

In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.