Assets are typically depreciated over time, while supplies and maintenance expenses are deductible in the year they are incurred.

But given that the renovation was done such a long time ago, there are some wear and tear, like Window and HVAC, shower handle and stuff, so we have been updating those one thing at a time, and I'm hoping that this house can handle another 20 year so the $ we poured in for the new set of windows are worth it...Would appreciate any thoughts!

Each Housing Authority may file an Administrative Plan up to 1 time per year to modify the Section 8 HUD guidelines.

We are exploring refinancing with our bank, however, I feel there are probably better options out there, along with rules with this type of investment, holding times, etc. that we just don't know. 

The real estate market can feel like a rollercoaster at times, especially with the current shifts we're all experiencing.

Having access to all the calculators as many times as you like is a huge perk of the BP Pro membership!

My new bank requires that requires that I have a positive balance of 2 months escrow payments in my account at all times, meaning my account is a few thousand dollars "behind" on this balance.

@Samuel Coronado I think a lot of it has to do with the time to develop the land and then fill the lots.

Annual savings is $2797 and lifetime savings of $84KIf you kept making your same mortgage payment, you would be paid off in 24 years.

What is the likelihood of approval, and what are the time and cost implications?