In our area, on a multi floor property, either two separate systems are required or zone control with a single system.

If I know for a fact I'm changing out floors, appliances, painting etc, it seems unnecessary/ even petty for me to hold onto a security deposit since I already accounted for those costs.

Area: North Carolina Triangle region, about 10 min from Chatham Park (which is slated to be the largest planned community in the state of NC) Strategy: Buy and Hold, with a delayed cosmetic rehab in about a year to align with area growthARV (short term): 170,000Purchase Price: 136,500 SFH, 3/2, 1600 sq feetB-class neighborhood,Expected rent: 1,200-1,300//As I mentioned, we were planning a cosmetic rehab in about a year, at which point we'd also refinance to pull out our cash. 

Redid the flooring, paint, gutters and electrical.

How do we capitalize expenses (whether the above losses, or things such as replacing an AC or flooring)?

We charge well below market rent, have granite tops, commercial wood floors, locking cabinets, etc.

I’m redoing my kitchen and replacing a tile floor.

Are there plumbing problems, electrical problems, do I need new flooring?

Our floor is 20% but we are usually hitting in the 22-30% ROI.

(Roof, Flooring, Plumbing, HVAC, Parking lot) When you analyze deals you should always go for the worst-case scenario.