I believe this year there was a law passed that allowed businesses to write off 100% of their capital improvements instead of depreciating them over time.Again, you would need to check with your cpa and see if that applies to you.

I have been impressed with some of the items under the tool bar, file place section, and I have a blog piece on cost plus versus fixed price in a blog; plus one on scope of work, both just descriptive  background...

Reserves ~ CapEx are fund held for repairs and improvements. 

I also happen to know that the property needs some excavation work done to improve the driveway, which I estimate will run $10,000.

We believe it's a mutual benefit for us and our property owners to improve property.  

Lots of discussion on quitting versus keeping the day job on BP.

hopefully all have a peaceful and happy time. take this time to spend with Family and plan for yours and their future. reflect on the past, improve on the future.

@Kenneth Jackson,About the only option you have is to learn how to team up with money partners, whether that's private lenders, other investors or hard-money.Read up on self-directed retirement accounts and how folks can use them to take more active control of their earnings on their retirement savings.When you can show folks how you can get them 12% to 20% return on their money versus the beating their savings has taken on Wall Street - 50% to 90% losses, you'll soon have more money available than you can find deals to do.There was a post in another thread about the biggest mistakes newbies make.

I would like to do substantial improvement to the property by building additionand increasing square footage by about 200%.

--in that situation wouldn't they require some sort of journal/log.I'm still contemplating if I should go itemize deductions versus doing the standard mileage deduction for a new company vehicle.