I will be coming there every other week for a week to study the market and connect with local professionals to hopefully do some deals.

Discovered the BP podcast about 2 months ago which led me to this forum.

I still have some work work to do before I can get it in good enough condition for it to cash flow, right now if I were to rent it I would most likely break even (I bought this place before doing the calculations, and discovering BP)My question is this:Am I able to tax deduct expenses I use to get this place upgrade, since I PLAN on making it a rental property?

I still have some work work to do before I can get it in good enough condition for it to cash flow, right now if I were to rent it I would most likely break even (I bought this place before doing the calculations, and discovering BP)My question is this:Am I able to tax deduct expenses I use to get this place upgrade, since I PLAN on making it a rental property?

@Nick Taylor  Nick, what are you studying at SMU? 

Do they have a Reserve study showing the proposed timeline of major capX repairs and the money required for it (and how much money they actually have for those repairs.)

You might want to share it, too:"HireAHelper, the online marketplace for finding, comparing and booking moving transportation and services, today released its second annual study examining U.S. moving trends and the No. 1 hot spot for those relocating is Scottsdale.This study is a unique and nuanced view of more than 25,000 moves booked in 2019 to identify exactly where people were migrating.HireAHelper looked at the origins and destinations of each move to find out which states attracted the most new residents, as well as which had more people move out of them versus into them.

In most areas I do not even place the deposit until I get through the initial 90 day feasibility study to determine if the project will even work financially and potential for approvals.

You have to study the market and understand what it can support.

Upon a walk through before closing, we discovered the occupants are still there.The purchase & sales agreement stated that "buyer shall obtain possession at closing - property shall be free of all tenants & occupants as well as personal property".The mother of the family owned the property; she lives in Michigan.