The IRS defines a repair as something that keeps your property in good working condition without significantly adding value or extending its life.

I’d suggest checking the condition of the new property first—you might need to put in some work if you plan to live there long-term.While I’m not a tax professional, and you should definitely consult one, keeping your current home as a rental seems like a solid move.

Hello Aden, I was a leasing agent in Chicago for over 3 years, I now currently work in the property management.

All the county told me is that I'll have to do some landscaping work, add extra parking spaces, but I don't know anything about the stormwater plan. 

"Traction" by Gino Wickman has been a game-changer for our company and my personal life.

Nice work, you've earned $340k in five years. 

How did it work out for you?

Ultimately, I sold the property for about break-even because of personal circumstances that changed in my life.

Make something unique, then get ready to do a lot of additional leg work and searching!

With $260K of equity to work with, you have tons of options to buy better deals.