The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.

Employment Growth Outpacing Housing SupplyBuffalo leads the nation in the ratio of new jobs to new homes permitted.

My lease requires professional carpet cleaning, which would cost more than $500 for a home of that size.Yes, it's reasonable to reduce the cost because she was such a long-term tenant.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

One key takeaway for future projects is the value of hiring professional painters.

Readers should seek professional advice.

It definitely takes discipline, a growth mindset, and educating yourself but you can certainly do it!

I invested as a sophisticated investor, although I have no professional accreditations.

All businesses can hit speed bumps during any growth period. 

One key takeaway for future projects is the value of hiring professional painters.