If you have time, we'd love to link up with you over coffee!  

Thanks for the link.  

Some examples of improvements include: a new deck, storm windows/doors, wall-to-wall carpeting, duct work, and insulationHere is link to a great forum discussion regarding this topic of Cap Ex vs Expenses: https://www.biggerpockets.com/forums/51/topics/70013-techniques-to-report-capital-improvements-as-repairs

I'll link it down below).

@Jeff Matsuda thanks for the link!

Will start digging into the links and recommendations you guys have provided!

Flipping PropertiesIf the primary objective of your real estate business, or one of your real estate businesses, is to buy, potentially fix up an existing property and resell it within one year, the Internal Revenue Service can consider that to be an active trade or business.

@Paul Timmins , thanks for the list of links! 

Mainly, we have to accept their internal opinion of value for the ARV (After-Repaired Value).  

Check out the link I posted that lists a few of the custodians.