The floor has quite a few issues (high points, low points, pitting, flaking over an 8 sq ft area where there was a plumbing leak that they caused, and many sections are still wet even after a week).

This can range from minor cosmetic upgrades like new paint and flooring to more extensive work such as replacing the roof or plumbing.

I also had some property I had to find different carriers for as well as having them remove the roof from coverage and other lame games.

Ensure the plumbing and electrical connections are regularly checked for any leaks or faults.Lighting and Fixtures: Modern light fixtures and ceiling fans add aesthetic value and comfort.

You don't need much capital and you kill two birds with one stone -first investment +roof over your head.

Growing up in a roofing family I got put to work early.  

But knowing its value is key for taxes.IMPROVEMENT VALUE:This is the value of all the upgrades you make to your property – like a new roof or an updated kitchen.These improvements can be depreciated, which means tax savings for you.3115:Filing this form can allow you to claim missed depreciation from past years.Basically you are letting the IRS know that you are moving from the standard deduction to an accelerated deduction.RECAPTURE:It's payback time!

It can be a lot of work at times but its definitely not enough to live on because I don't put enough money back for the big stuff- things like say a new roof, new carpet, fence, painting building, HVAC repairs, etc.  

The damage to the property can be handled over the next several weeks (large tree on roof, landscaping destroyed), though it is unclear when we will regain power and water (potentially weeks beyond repair?).

College kids and someone of that age under the same roof tend to butt heads....Here are some key things I've learned after 4 years of landlording/house hacking: 1.