We are a military family just looking to build up our asset column and grow a passive income from there.

This is different than capex and consists of smaller, less costly items.

Since we're replacing a few items, he recommended getting this done and getting the electrical up to code. 

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Note how I reiterate the qualifying criteria as well as itemizing what the move-in costs will be.

I will say that some of these items have just sat.

We were lucky and had a military couple rent for two months during the time things were shut down in Colorado and now we are back open and getting bookings again.  

Does anyone have a great source for what rehab items can be deducted immediately v. depreciated over 27.5 years?

The capX on this property all checked out so we have a few years to save for some of those bigger items.

Our parents helped us pay for it, which for me personally was a hit to my pride because I wanted to feel like I was providing for my wife, not having to rely on mom and dad.Second, this house just had tons of maintenance items that would come up over the years.