When I look to buy, I look at the structural integrity of the property (repair concern); I am interested in three things:  Age and condition of roof, AC units and the condition of Slab/floors.  

My parents have a rental house that has some major floor rot problems.  

We painted inside and out, the flooring was in good condition so we just shampooed the carpet’s.

Capital goods/improvements like appliances, mechanical, flooring, a roof, siding , driveway, etc will have their own schedules as mentioned, but the building depreciation is straight line and easy.  

Go under the house and inspect all the floor joist, sill plates, rim joist, support piers, etc.

It is sturdy, with steel beams siting on top of the concrete blocks.

We painted, fixed ceiling cracks, replaced the floor with laminate and new carpet, replaced ceiling fans and light fixtures, bath vanity and toilet.

Painting before Flooring?

What's up guys Tashaun here again with a question,So my realtor let me know about a commercial property (Duplex) that she has coming on the market pretty soon, the current owner uses the bottom floor for his law practice, and the upstairs unit is not being used but has been left alone for regular live in use.

I had assumed I could just give him the P&L /Balance Sheet and that would be good but I keep getting requests for a breakdown for each property...I understand the need to depreciate the purchase $$ and the part of the the rehab $$ that is Capital Expense, but I'm not getting why I can't expense, for instance, floor refinishing (that occurred at both places) as a single expense.