You may also need to factor replacing those into your IRR calculation.

So does this mean that In January it will be the standard or will there need to be more factors for it to be accepted across the board?

Also they should be names very differently when sent.A lot of factors in it.

It is VERY difficult to buy/renovate/and manage a property when you cannot drive to it every day!

I have been "Driving for Dollars" for 2 weeks and I have over 50 properties I am interested in purchasing.

If you factor it in from the beginning, you will be just fine.

If you are doing it in excel - a receipt for $100 that consisted of $25 paint, $25 tools, $50 roof supplies.can be entered into excel like$25 paint$25 tools$50 roof suppliesAt the end of the year you can sum up all the costs by description and provide that to your accountant.A couple things to point outWhether you expense an item or capitalize it will depend on several factors such as if you are increasing the useful life of the item, making it ready for a different use or making it more efficient.

As a new investor, I️ just wanted to know some of the factors that made you pick a property.

In my area I know "drive by" appraisals are common, maybe this is a question for the bank.2.

It's a historic building and the location is such that everyone in town drives by this church on a daily basis and I think the community would be supportive of doing something with the church due to it's location and it's a shame to see it sitting empty and not in use which is what has happened these past couple of years before I bought it.The building is 4 or 5 ft about ground.