Quote from @James De Stefano: Quote from @Bruce Woodruff: Big adjustment coming.

But you're close enough to PA and DE where you can find properties that cashflow. 

This will likely be depreciation, but bonus depreciation and the De Minimus Rule could help you accelerate the deductions.Finally, when you convert this to a rental increase your basis in the property for improvements that you've made since this isn't included in the original purchase price. 

De-leading a property can be a great investment especially if you leverage some of the grants and tax benefits.

I am sure they moved stuff to the garage when the realtor said they must de clutter!

If it has to go beyond that and I was somehow found negligent (maybe I or my property management group didn't put down de-icer in time) Then my policy may come into play to pay the difference, if I am unable to pass the buck onto the property management group for failing to properly maintain the property.  

It is possible that could extend to PA and Delaware in the future, but not planned  The transaction of business within the sate of incorporation is the one catch that concerns me. 

@Matt Motil @Jim Biggs @Michael Biggs @Robert Blanchard @Dean De Pew @Rod Y.

@Wendell De Guzman Thanks for the Calculator!  

If each appliance cost you less than 2500, you can expense it under De minimis safe harbor rule.