Also, would painting the outside of the house count as an improvement to the property?

I've been running across a lot of discrepancies when it comes to square footage and number of bedrooms on properties I'm looking to buy in Indiana. The MLS listing will have one thing, Zillow/realtor.com will have ano...

@Robert Tinker a lot of investors are willing to pay the high prices counting on long term appreciation and future cash flow rather than immediate cash flow.

Usually people count the entire mortgage payment as an expense and that’s wrong, it under reports the actual income.

In other words, I wouldn't count on any additional valuation from an appraiser.And, by the way, we purchased our system. 

If the floor does not need replacing you do not do it till it does need replacing, car port- waste of money, shed- waste of money, high end count tops- waste of money. 5K to replace window AC units is not cost effective if tennat pay utilities.

Probably $200-250/unit for a class B property of similar unit count.

Every dollar counts when you are investing, and it can get out of hand.

When I was long term renti g and the tenant paid last months rent up front and I had to count it in the year I received it not the year it was used for, but the tax guy is saying something different here. 

Rental income won't count towards this calculation. looks like only the brokerage income will.