Cosmetic remodel including paint, minor drywall work, flooring, lights, appliances, water heater all new cabinetry, counter tops, fixtures and moldings.

I have an expense (debit) in, say, account COGS > Bathroom Fixtures for $100 which is then offset by a bank deposit that I indicated should hit COGS for $100 (credit).

It can be just a cosmetic repair where you’ll just do a basic paint job and arranging the furniture or do a complete rehab and fix everything such as renovating the 20-year-old kitchen, putting additions, changing fixtures, and so much more.Not just that, sometimes there are other things that you need to fix and the bad part is you don’t see them or you ignore them!

As for the rehab work, the $35k would be used to repair the structure work needed (kitchen to living room), then new floors, SS appliances, light fixtures, new paint, remodeled bathroom, clean up around the exterior of house and possibly new hvac.

Items like appliances and landscaping don't count but new fixtures, plumbing, electrical and drywall all do. 

.#2 Explore Lowes and Home Depot to Learn About Material PricingTake a tour through Lowes and Home Depot (or their websites) and look at finishes materials and fixtures that you will consider using in your rehab projects.

Complete reno in 10 days to interior with new vanities, flooring, fixtures, and appliances.

Seller/Agent was remodeling the unit so I was able to select my preferred fixtures and fittings. $0 to get it ready.

We also try and come down for turnovers, as even if we just do the little things, like window screen repair, changing out a light fixture, batteries in smoke alarms, update landscaping and mulch, etc., it saves us a ton, we get to inspect our properties and "check in" with them so we are familiar once again, and see things tenants and managers never catch, like rotting trim or deck boards, most recently a small active roof leak, that usually won't get noticed until it becomes a major issue.      

I'd love to have the opportunity to exchange sweat equity for exposure and knowledge, or have a cup of coffee with someone who'd be willing to share their story with an aspiring young REI.