3) Capability to perform its intended function-If you meet all the requirement, the repairs you do can be expensed and do not have to be capitalized, the improvement has to be added to basis no matter when it is done: before or after placing it in the service. 

And 5s are a completely different ballgame because then you are out of the residential classification and into commercial.

Publicly traded REITs are a volatile asset classIf the economy tanks, REITs can get hit hard.

Where do you find this type of research you mentioned for retail corporation classifications?

Biggerpockets search function - Use the search function to see if a BP colleague requested a CPA in your area.

Some use paypal and others use their banks auto-pay function. 

(ie is the lower floor mostly functional?

When we first looked at the property the pool barely had any water in it, and the sellers never spoke to the functionality of the pump.Before we closed the sellers installed a new sump pump and ran it through the pool pump, and it is consistently pushing water through the pump and out the drain at the bottom of the pump.

I just have a computer scanner and copier and drop box to store files.. my basic function is one of a funder escrow officer closing attorney.. but I am eager to try some new stuff and wondering how this stuff would help. ? 

Kitchen light not functioning.2.