Then Your renovation gets listed separately as 1 or more line items....For example: If the entire renovation is 27.5 year items= 1 item at 27.5 years If your accountant can break out parts of that renovation for exmaple....appliances (5 yr), land improvements (15 yr) and structural components (27.5 yr) then you'd have 3 more line items. 

After all, them matching is a key component and them not matching would have an adverse affect on your ability to rent the unit.

Lastly, a fun fact about myself is that I am a Marine Corps Veteran who enjoys the daily challenges of being a Real Estate agent.If you're an investor, real estate professional, or a professional who is like-minded and aligns with my goals, then let's connect!

This involves a detailed list and pictures of the condition of each component of the apartment, ex. carpets, cabinets, tub, doors and etc.2) Once you identify a new tenant, provide them a copy of the condition report and have them walk the property to confirm the condition report is correct.3) In my lease I have a very detailed list of items the tenant will be charged for if they cause it during their lease period.

If the Business Owner/Contr does not have Workers Comp on his employees and they get hurt, it will be on you.

And good for you for understanding the growth potential with the value-add component. 

The great thing about HP is that it allows you to buy another 1-2 properties with a low down payment in addition to FHA, as long as you can stay under the income cap.The most critical thing to using any of these strategies is to align yourself with the right investor-friendly loan officer so that you don't get stuck. 

From there, investing in small multi family interested me the most because it aligns well with my future life.

So in this particular market the anticipated cash flow is much lower than other areas of the nation but I am still helping plenty of inventor clients purchase more investment properties because their motivation and intention aligns with this market and they are ok with a reduced cash flow for the next while.

Rather this should decrease miscommunication and  align expectations.