Home office improvements, such as computer equipment, office furniture, and other related items.

If we continue this trend the big numbers start to fall off and get replaced by smaller numbers we could be in the 2%-3% range 6-7 months from now.The biggest item, that I think could lead to CPI specifically dropping even faster is the way the CPI report calculates shelter costs.  8% of CPI is based on an actual rent survey, but its y/y changes not m/o, so even as rents are dropping in real time it will take another 3, 6, 9 months for rent numbers to come down on CPI. 

When I do my inspection I will be looking for wipes and other similar items.

And the majority of the repairs I thought were needed on the property were cosmetic to bring the house from the 80s into the 2020s.As the list of items that needed to be repaired before I felt I could reasonably rent out the property grew, I soon realized I would be sinking a significant amount of money into the house.

[Note, this is from the business perspective...some of these items may still be deductible on personal taxes if you itemize]. 

Note if they take it off the STR market to place it in the LTR market, they need to get rid of the furniture and all the little items that stock an STR/vacation home.These cities (Los Angeles, San Diego) are trying to get rid of family vacation homes. 

I recommend flipping items.

The big-ticket items had already been completed (new roof, HVAC) and as first-time homebuyers, this "project" was more digestible than others we had seen.

We can also add back in depreciation and a few other items you may have written off. 

If I start having to dig into walls and the sub - floor I will almost automatically put an extra 5-10% in rehab costs for unexpected items since that is when you will typically find something that would be better addressed now rather than later.