Purchase price: $145,000 Cash invested: $8,000 This 2 bedroom Condo with a garage was fully renovated by the owners before moving into a house and holding it for a rental since 2001.

You're free to lobby the state legislature to do so.

I bought my first rental duplex and one very important feature was that it came with a 2nd lot i could build on in the future or sell if i needed more cash during the renovations. 

This allows you to deduct the full cost in the year it was placed in service.Fences are not eligible for the Section 179 deduction as they are considered land improvements.Given this information, you have two main options: 1) Take advantage of bonus depreciation (if eligible) and deduct the full $4,200 in the year the fence was installed.2) Depreciate the fence over 15 years using the appropriate depreciation method (likely GDS).To ensure you're making the best choice for your specific situation, I recommend consulting with a tax professional who can review all aspects of your rental property finances and advise you on the most beneficial approach.Please feel free to reach out if I can be of any help.Best,Jackson

Feel free to reach out with any questions.

If you have any questions feel free to reach out or send me an email. 

Check out FilePlace, where user-created forms are available for free.

If you have general questions on real estate, renovations, capex, etc. feel free to ask and I can probably help.

@Josh Cockera house hack isn't supposed to / likely won't cash flow while you live there. 

Please recommend a SAFE way to invest cash ( ~20k) for a short period of time, about 6 months.