I just refinanced and rehabbed it with new flooring, paint, etc. and now owe $140,000, which leaves $210,000 invested. 

The tenant says ants have come into the bathroom because there is no sealing/calk between the baseboards and the floor, which is where she says they are coming in. 

I made the property more visually appealing by changing lights fixtures, painting, removed carpeting and staining wood floors.

We have a vehicle that can spin on grass, gravel, dirt, and very remotely wet concrete.

Each unit has stairs to a second floor.

@Scott M.How I understood the post, the home needs rent ready rehab so flooring and paint(from my experience of rent ready rehab).

For depreciation on one of the properties, I was planning on separating/segregating carpet, floating LVP flooring, cabinets, dishwasher, microwave, oven, and a shed as separate assets from the building and using 100% bonus depreciation to deduct fully this first year.

The value add was through the rehab that consisted of a new roof, updated the fuse panel to a breaker panel, new LVP flooring throughout, minor bathroom updates and paint, repainting the entire interior, adding new hardware and paint to existing kitchen cabinets along with new countertops and sink, new stove and rangehood, and lots of overall minor deferred maintenance.

It's the cheapest unit (about 20-30k cheaper than other current comps that are rehabbed) in the building and needs some light reno (floor, paint) and has a long-term tenant in the unit that has been there almost 20 years. 25% down (investment), 3.19%The drastically-below-market rent the tenant pays JUST covers the mortgage/taxes/hoa/ins but no "soft costs."

Has heat & air, finished walls, ceilings and floors.