Since we're replacing a few items, he recommended getting this done and getting the electrical up to code. 

They have done an excellent job of capturing a large marketshare, so it make sense.

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Note how I reiterate the qualifying criteria as well as itemizing what the move-in costs will be.

I will say that some of these items have just sat.

Does anyone have a great source for what rehab items can be deducted immediately v. depreciated over 27.5 years?

If the management company is excellent at their craft and they attract and retain top talent in related services (like contractors and agents, since there is a lot of overlap between PM and these fields), then the agents and contractors may be far better than the average agent in that same metro.Conversely, if that PM company is not led by a skilled business tactician they might be tempted to retain a shiza agent in their ranks so that they can capture some referral booty, with no mind to whether or not the end user client is getting good representation.I see both things happen in my market consistently, and though it doesn't create a helpful rule of thumb, hopefully it does help you in your decisions ahead.

The capX on this property all checked out so we have a few years to save for some of those bigger items.

Our parents helped us pay for it, which for me personally was a hit to my pride because I wanted to feel like I was providing for my wife, not having to rely on mom and dad.Second, this house just had tons of maintenance items that would come up over the years.

See below a checklist of items you will need:Copy of your Driver’s License(s)2 Most Recent Paystubs2 Most Recent Bank StatementsMost recent retirement/investment statement covering the most recent 60 days2 Most Recent Tax Returns2 Most Recent W2’s/1099’s2 Most Recent K-1’s, if applicable*If your ownership is greater than 24%, please also include copies of your 2 MostRecent Business Returns, YTD P&L and Balance SheetFor all properties that you own, please provide the following:Current mortgage statementIf you do not escrow for taxes/insurance or if you own free and clear,please also provide:Current insurance statementCurrent Tax BillCopy of your current/most recent HOA receipt, if applicableFor any/all investment properties, please provide a copy of your current leaseagreements, if applicableIf you pay/receive child support/alimony, please provide a copy of your completedivorce decree and/or child support agreementAre interest rates the same as buying a primary residence or higher?