This would include architectural fees, new equipment, cost of protecting or defending your title to the property, or building improvements.

While already investing in real estate my goal here is to improve my processes, make more money and build wealth for my family.

One is a 3,800 square foot pole building, half of which is completely new due to a fire in the last few years, as well as a 2,000 square foot 2 story shop with it's own electricity, furnace, and ventilated painting spray booth.

One is a 3,800 square foot pole building, half of which is completely new due to a fire in the last few years, as well as a 2,000 square foot 2 story shop with it's own electricity, furnace, and ventilated painting spray booth.

As of today, total rented houses are 28 with around $19000 monthly rents.Park repo improved, and average time to rent a house now is 2-3 days.

My units are larger 3 and 4 bdrm townhomes, 1600-1800 sf each, intended to serve families.With a mid-range construction budget, what items are worth splurging on to get improved rents? 

Purchase price: $165,000 Cash invested: $165,000 Bought cash and doing improvements, hope to refinance and pull off a BRRRR on this one soon.

Maybe things will improve this spring with more inventory...if there is more inventory, that is. 

So for 2021 I’ll report a capital improvement that gets added to my cost basis, and then in 2022 I’ll depreciate the value of property with <20 year life.

My goal is help people get into a nice home with a landlord they can count on, improve the neighborhood and generate long term wealth for my family and to supplement my pension from the Fire Dept, As a start!