Purchase price: $581,000 Cash invested: $181,000 Purchased a 3 bed / 2 bath SFH in Scottsdale for use as a med / short term furnished rental.Conventional Investment loan, 20% down, 4.125%Lots of landscaping, new front walkway, decor makeover.Here were our expenses:Hillery - Down Payment-$119,325.13Hillery - Furnishings and Household Items-$36,852.09Hillery - Interest & Fees-$555.59Hillery - Marketing-$400.00Hillery - One Time Professional Services-$11,570.08Hillery - Remodeling-$11,177.49Hillery - Travel - Food-$328.43Hillery - Travel - Gas-$348.45Hillery - Travel - Lodging-$367.39 What made you interested in investing in this type of deal?

Purchase price: $581,000 Cash invested: $181,000Purchased a 3 bed / 2 bath SFH in Scottsdale for use as a med / short term furnished rental.Conventional Investment loan, 20% down, 4.125%Lots of landscaping, new front walkway, decor makeover.Here were our expenses:Down Payment-$119,325.13Furnishings and Household Items-$36,852.09Interest & Fees-$555.59Marketing-$400.00One Time Professional Services-$11,570.08Remodeling-$11,177.49What made you interested in investing in this type of deal?

Put in a new HVAC and did a complete landscaping overhaul.

Some very minor cosmetic improvements and landscaping.

Non-tangible property includes buildings, land or other inherently permanent structures.I get a lot of questions on which group specific assets belong in, so I put together a list to help.Non-Tangible PropertyBuilding (27.5 or 39 Year Useful Life)Land (Non-Depreciable)Paved Parking Areas (15 Year useful life)Swimming Pools (15 Year useful life)Fences (15 year useful life)Bridges (15 year useful life)Exterior Landscaping (15 year useful life)Docks (15 year useful life)Sidewalks (15 year useful life)Tangible Personal PropertyMillwork or decorative trimCarpetAir Conditioning equipmentShelving, cabinets and display racksAccordion doors and partitionsWall coveringsInterior landscapingNeon or other signsDecorative and business specific activity light fixturesGenerators, machinery and kitchen equipmentWindow treatmentsWhat other questions do you have regarding cost segregation?

Landscaping is expensive and gets ruined really fast if not properly maintained.

Since moving in, I have been solely responsible for coordinating with the property manager, meeting with contractors, calling contractors and receiving quotes for repairs within our unit, dividing our monthly bills up and sending payment requests to him and our other two roommates, performing minor repairs around the property, landscaping and snow removal, organizing and submitting documentation for the property, inquiring about refinancing, etc.

But the rest of the value-add came from small cosmetic upgrades -- expanding driveway, fixing fence, landscaping, etc.

New paint, New carpet, new landscaping, new kitchen and updated the bathroom.

The list goes on.Was able to remediate full basement mold, strip out ad hoc interior walls, completely renovate the property including landscaping.