.🔹 Step 3 & 4: Foundation & Pest Control (If Needed)Not every house needs foundation work, but if the floors feel like a funhouse or there are termites throwing a party, handle it now.

If these steps aren’t done right, everything else (paint, flooring, fixtures) won’t matter.🔹 Step 9 & 10: Engineering & DrainageNot the most exciting part, but if your property needs engineering reports (like soil testing or drainage fixes), get it done now.

Maybe a fresh coat of paint, flooring, unless what's there now if salvageable, make sure your electrical and plumbing  are in good working order.

(New Kitchen, Bathroom, Flooring, etc.)I look forward to hearing back from you all,Vincent Cavalieri Welcome to BP!

They cover all appliances, flooring, all those use components that can and will experience wear and tear. 

Aluminum has dent & holes in areas that will need to be addressed before painting.I do not plan on selling for at least 5 years.

Talk briefly and honestly about the condition and your plans for the property.

But if you want to maximize your deductions now or plan to sell the property soon, then using it now could be better.Also, if you or your spouse qualify as a Real Estate Professional for tax purposes, the losses could offset other income, like your W-2 salary.

Are you planning to rent it out or live in it?

Hi Angela,Your tech background can help you evaluate the deals but I fear that you don't have a comprehensive plan of what you want to do with investment real estate.