According to my research a capital asset is:The IRS indicates what constitutes a real property capital improvement as follows:Fixing a defect or design flawCreating an addition, physical enlargement or expansionCreating an increase in capacity, productivity or efficiencyRebuilding property after the end of its economic useful lifeReplacing a major component or structural part of the propertyAdapting property to a new or different useA repair is as follows:Improvements that "keep" property in efficient operating conditionRestores the property to its previous conditionProtects the underlying property through routine maintenanceIncidental Repair to propertyReference is http://www.dbbllc.com/newsletters/focus/mar2012/irs-clarifies-capital-improvement-vs-repair-expenseNext time I will rent a small excavator, dig my own hole, and put on a Fernco.

We were walked through some of the thought processes that go behind what might make for a good deal and what constitutes red flags.

I am not sure an illegal apartment constitutes the sh t hitting the fan but we have 500+ murders a year and the police typically only arrest someone in about 1/3 of them.

Being a full time contractor myself, I could see posing the question of "What constitutes 'construction'?

But I came across some conflicting information about what constitutes a boarding/rooming in NJ and it seems our plan my be considered illegal to do in a SFH.

Wood floor questions...I'm wondering what constitutes "wear and tear" for dark hardwood floors.Background: I've been in my current apartment for almost 10 years.

This constitutes brokering without a license in most states including CA.

There is a safe harbor under 506(c) that details EXACTLY what constitutes reasonable steps, so as long as one follows those steps, they are in the clear.

CA tends to take a broad interpretation of what constitutes doing business in the state. 

I have had small, unrelated issues with Roommate B in the past (small things like loud music and failure to clean up after himself in the kitchen).My issue is that I clearly don't want any of this behavior going on inside my property, but I don't have anything in the lease that expressly states personal boundaries and I'm not sure that this would constitute a violation of law.