There are strict percentages and when it is placed in service matter as well. 

Where are there laws that I can read / study to find the details on these types of happenings?

It's my sister-in-laws neighbor, so I know the neighborhood pretty well.

Not to belabor the point but this is a great example of why it's important to know your state laws and adhere to them.

@Joshua Lindsey You obviously didn't read my post... or your own.i cautioned you to be careful as there are certainly laws designed to protect homeowners in or facing foreclosure... and the definition of what that status means differs from state to state.

Also, I see people market deals all the time and due to the recent changes in Texas law, I wanted to clear that area up as well.

My mother-in-law has a house which she is considering to rent it out.

From what my cpa has told me and what I remember I believe under the new law you can expense any amount over 2500 in the year it was paid.

Then again, if done correctly, 4/2 still might work.Then set strict completion dates and make sure they stick them so you can sell as soon as possible.You can probably get your agent to start marketing the property before the work is complete.

We are looking to invest now in RE properties but my current question is for our mother-in-law suite.