BP Team,
I am an Executive MBA student at UCLA and currently in my final stretch working on my thesis paper. I am consulting with a RE crowdfunding online marketplace to help them determine what, if any, sustainable ...

It is my understanding that 15-yr property, including land improvements and qualified improvements, qualifies both for 1031s as real property and for bonus depreciation.

This is a home improvement where they will get back MORE than the $1k they put into it, unlike most home improvements for most houses in most scenarios ("omg the $30k upgrade to an already functional and complete kitchen doesn't improve value by $30k, this is an outrage!"). 

Certain repairs can be expensed from a rental, but capital improvements must be capitalized and then depreciated.

It is a lot easier for them to supply the same list for improved or built upon properties but not so much for raw land.  

You could do a reno to your unit as extensive as a full remodel, or just a roof, HVAC system, and/or upgraded electrical service (you get to add it to the reno because it affects your 1 unit but it is great because that infrastructure improvement benefits the other units incidentally).

That’s the thing about this business, you won’t always hit home runs at every bat, but as long as you stay in the game and keep improving, you’ll always win in the long run💯💪🏽 On to the next.....

Hard costs are basically the site prep costs, construction costs, tenant improvement costs, etc. 

My personal feeling is the addition/mother-in-law‘s suite would be fine and could be sold as an improvement with the property.

Hi fellow Memphis investors -I was told by a real estate agent today that the City is now looking at Whitehaven as a neighborhood to improve and grow.