MD/DE beaches are becoming more year round and June, July, August are going to be your big rental months usually with a few weeks in September.

That said, raising minimums too quickly or relying on only big dollars comes w/risks of last minute de-commits.  

I always love a good workout to de-stress and take out my anger, lol. 

And that if you flip properties repeatedly in France you need to register as a "marchand de bien" which has different tax implications. 

@Hector De Santiago Around me, nobody uses CPVC, but in Florida (where I have family), they love CPVC.

Hey @Clay Packel, I have a Phase I report from a seller in Delaware County that has a proposal dated May 3rd, work performed on May 13th and report dated on May 23rd...so 20 days.

A part of me would speak "internal voice" why don't you go buy your own place where you can smoke inside (including weed), leave your space heaters unattended, have 20 plus smelly rabbits, bring in the homeless, pile up crap in the garage to where it is a no-walk or "walk at your own risk zone", drink and wake up every morning yelling and screaming at each other all while waking up the entire peaceful quiet cul de sac, change locks at will.......OMG the list goes on. 

Best option is to de-personalize it, either be the "property manager" just acting on behalf of the owners, or hire a property management company (the bigger the better).If you can afford it, I'd also consider ending the leases (and evicting if necessary) all the units, then it's obviously not personal - you just explain that the new owner wants to renovate the whole property.

@Jorge De Jesus well all of the apartments are full, it's just the RV spots that aren't full, if you took those spots out, it's still worth more than $400k

Please let me know if I am incorrect in understanding the scenario.If this is the case - it will depend on many many factors that only your accountant can say for certain1) Will parts of the renovation be a repair or an improvement.Repairs are immediately expensed while improvements are capitalized unless they fall under a de minimis safe harbor.Then whether your increased expenses will lower your tax liability will depend if you are eligible to use passive losses from rental activities against your other income.