"for sale" pick your colors, appliances and fixtures!

- Simple to use- Start QuickBooks Pro and as you grow use Enterprise version for practically unlimited tenants- QuickBooks online is a possibility but with a monthly fee with 35% off lifetime - Save money - no monthly fee - do not spend your fortune - cheaper than a cup of coffeeRemember Garbage in and Garbage out.Remember any software you use - should be able to export to excel if you want to switch.Do not want to spend money - sure there are many free software out there.

New light fixtures, etc.

New fixtures throughout interior and exterior.

If you had a structurally sound home in a modest part of Birmingham, and it needed yard work, exterior paint, windows resealed, new carpet, new plumbing fixtures, water heater and heat pump, it might be worth $65,000 to $75,000. 

I've seen the floor above the garages warp/cup in very high heat.

Recently I realized that career path in academia is not my cup of tea so I started digging into the real estate investing opportunities.

I usually do make ready (paint, carpet, fence, toilets, fixtures etc.) on an acquisition before renting out.

Each of the below list is actual dollars spent by area, my contractor broke down his bill/quote so that I could more easily allocate costs for depreciation purposes (among other benefits of knowing what I am sending by room).I would like to be able to depreciate each of these expenditures of 7 years but I am not sure if I am allowed to (with the consequential answer placing these depreciation dollars into a 27.5 year bucket):Screened in Patio: $4,798 - we are destroying a room and turning into a nice screened in patio.Bedroom renovations: $7,888 - updating bedrooms with new drywall, removing and replacing ceilings, light fixtures, building additional closet space, paint, trim, etc.Entry way: $4,308 - the shared entry way is a mess right now.

So now that I technically own it (and the bank just has a mortgage on it), am I allowed to tear out and replace the outdated fixtures, upgrade the plumbing and electrical, etc.?