More than likely going to have to capitalize the bathroom renovation and depreciate it.

We have been looking a duplexes and the numbers just don't seem to come together well.  

I agree that Vegas will likely be much bigger.

It sounds like your tax professional would have grouped these actvlivities based on the situation you are describing.

Most likely, we'll be building a duplex ADU with both units being ~800 sq feet. 

They agreed and did amazing work, like they always do.

For example, you can write something like:"Spoke with GC for 1 hour regarding renovations for STR property, discussed scope of work, timeline, and cost estimates." 

I have a close buddy who lives in LA, I would likely trust his judgement if it came down to it - but I would still get to know the area more.I dont think you are ready to invest out of state if you havent invested yet in yours.

I live in ATL as well and have 2 STRs in Gatlinburg that have been performing extremely well so just curious.Thanks.  

or do I need more like $3.0M for landlord liability?