The carpets have been pulled up on all sides and they have had someone use one of those machines to get the water out You can see all of the marks on all the carpets. 4"-6" of sheetrock have been cut out along the bottom on the 1st floor, to keep mold from forming.

If you work in investments and could use an extra pair of hands, I would be glad to mow a lawn, paint a room, pull carpet, etc... in exchange for learning under you.

  - Resurfaced deck with synthetic boards, replaced old carpet with either laminate or sanded the hardwood underneath, painted rooms, replaced old light fixtures / ceiling fans with modern ones, updated interior door knobs,  finished the basement because it is dry, installed recessed lighting in many rooms, upgraded electrical panel to 150A. 

Eliminate carpet when possible to make more pet friendly.I like and recommend Section 8.

Literally the day after closing we had a HUGE rainfall and water entered the basement soaking the new carpet, drywall, etc.

The investment was purchased and we updated the investment with new carpets, new countertops, new appliances, and a hot tub.

No carpet.

Most of that will be slowly depreciated, some pieces (like carpet and appliances) can be immediately deducted, and some (land) are not deductible at all.

Sometimes a reno is obvious- like paint and new carpet and maybe some landscaping.

Finished basement, central air, mix of carpet and hardwood.2020 Settlement in Jan for 3/1 SFR 1540 sqft townhome for $124,000.