Therefore, the furnace replacement is a capital improvement to your residential rental property.As with the restoration costs discussed above, these costs are in the same class of property as the residential rental property to which the furnace is attached.Is generally depreciated over a recovery period of 27.5 years using the straight line method of depreciation and a mid-month convention as residential rental property.Note: A taxpayer whose average annual gross receipts is less than or equal to $10,000,000 may elect to not capitalize amounts paid for repairs, maintenance, or improvements of certain eligible building property if the total amounts paid during the taxable year for such activities do not exceed certain dollar limitations.

I want to purchase this property but need to find $80k to $100k to close the deal with the bank which currently holds the loan on this property(bank loves this property and wants to hold it so the president has mentioned he is willing to require less down).

I would think the Federal Government would provide your insurance after you and Hillary win the election in November?

LLCs can be pass through entities for federal income tax purposes, or they can elect to be taxed as an independent responsible taxpayer (like a corporation). 

If you elect deminimus then yes you can- Have a written policy in place for this as well 

THEY WANT VOTES TO GET RE-ELECTED.

.- the additional basis is a straightforward new asset- there's an option to elect to combine them, and sometimes it is a good idea, but not always.

Elect a manager (or two managers) to run the company on a day-to-day basis.  

Tenant must deliver to Landlord (1) a written notice 45 days in advance of the termination clause stating that Tenant has elected to exercise the Early Termination Option and identifying the date of such early termination (“Early Termination Date”), and (2) all Rent and additional Rent due through the Early Termination Date.When Landlord acknowledges receiving the written notice and payment from Tenant, the Termination Date of this Lease shall be deemed amended to be the Early Termination Date.

If less than 2500, you can elect to expense it.