Example 2: $15k of roof work and 16 hours of drywall work needed?

For example, I might want to look at things that I can depreciate (roof, washing machine, etc), as well as things I can deduct.

Hi all, There was a leak coming from right beneath the bathroom at a condo I own and it was affecting the unit below. I had a plumber fix the problem, but he had to cut a hole into the ceiling of the condo unit below ...

And I'm still really shocked that asking for the date of the last roof replacement would warrant the request for an official contract.  

Extremely steep learning curve, but you get your foot in the door and learn fast... scary huh?

I see your point in expenses looking skewed but that will be the case for many large expenses when ever they occur such as a roof replacement.

You could hire a lawyer but they might just review the contract and you'll find yourself running around like a headless chicken.Make sure you disclose EVERYTHING, as a buyer can turn around and sue you if you lie / keep quiet when they ask you a material question (Eg: "is the roof broken" (it is) you: "I don't know."

If this turnkey is fully rehabbed with many new or near new major items - updated kitchen & bath, roof, mechanicals, flooring, etc and there are a bunch of distressed properties in the area at those lower prices, those aren't true comps.  

The inspection report was pretty positive, roof is in average condition and will need to be replaced in 3-5 years.

At first glance I thought it would have to come down and turned into a parking pad, but after a second look it looks like it might just need the corner brick replaced - along with the roof and door of course.Never had to deal with something like this, so those that have - what would you consider doing?