Make sure the deposits are transferred and not deducted from purchase price, otherwise you will need to come out of pocket when tenants move out.You should also make tenants and landlord sign an estoppel agreement, which outlines important items and agreed to, so the tenant cannot claim to have a huge deposit later or claim that the prior owner gave him ownership of the shed in the backyard.

There were other items on the agenda that were disregarded, which I found maddening.You should also check out www.taxsaleacademy.com if you're looking for training to get started. 

Serious injury or death has occurred from each of these items, and they could have been prevented by keeping watch and staying on top of things.

If builder pushes you saying "come on, don't hold up the closing for these minor items, let's close the house and take care of the them with warranties."

It involves using Section 179 or bonus depreciation, and I would not DIY this project, as distinction between repairs and capital improvements is one of the most confusing areas of the tax law.And no, you do not need a cost segregation study to deduct these components of your rehab - if you have itemized invoices and receipts.Myth 8: for a valid 1031 exchange, I must exchange STR for another STRNo, you don't.

I will need to pay out of pocket for visible items like paint, the shower, toilet, vanity, kitchen cabinets, wardrobe, and so on.

Is there any feedback/ suggestions or items to improve the home for the next guest stay?

Think of these as savings for big-ticket items like new flooring, new appliances, or a roof or siding replacement.Because maintenance and capex can be “lumpy,” you may think that you’re generating more cash flow than you really are.

It seems like there are a lot of nickle dime items that I'd go back to negotiate. 

Sure, you can make your unit extra special through design or amenities but when most of your competition is similar in size/shape, those extra items can only warrant so much of an increase in ADR.