I am following the rules for tax write offs. 14 days rule, write offs capped at income (will have carryover losses), etc....So in light of this I bought a 4wd truck and put snow rated tires on it.

If I can get in at a certain price, I know where fixed up and properly rented units will be valued and the math is quick and easy whether you’ll be able to cash out in a year or so after turning over tenants and light rehab.

Why would I do that in light of what I mentioned above?

We thought we'd buy one more duplex and repeat, which we may still do, but in light of COVID I'm hoping folks may feel less risk averse and want to sell their mountain homes (I'd feel better getting a good deal on someone's mountain home vs. anyone selling their primary under duress!) 

Then upgraded the inside of the units with appliances to stainless, changed cabinet fixtures, new doors locks, lockings mailboxes, bathroom fixtures (lights, vents, vanities, medicine cabinets, etc), and applied high gloss to the hardwood floors.

The 179D Energy Policy Act gives taxpayers a deduction for installing energy efficient assets such as the building envelope, HVAC and lighting.

Lots of downed power lines, traffic lights missing, and blown off roof shingles.

When the time came I was able to recognize the market turning and what a light remodel could do.

Evaluate if your unit is suitable for shift workers in terms of noise and lighting.

Step into the living and dining rooms filled with natural light and outfitted with new luxury flooring, fixtures and finishes throughout.