@Alex Agafonov@Jon HoldmanJon is right repairs or improvements done prior to the rental entering "service," is added to basis however interest and incidentals like property tax can be itemized on your personal schedule A.

The property taxes are significantly lower, so it improves your cash flow, without changing the factors of the deal.Good luck!

I've had some good tenets and bad ones but I'm always looking to improve my processes, my homes, and of course my pockets.   :-)I usually perform my own renovations and snake my own toilets if possible.  

The inventory is low and I can see how time consuming it could be to look for properties for some investors.

Look at what tenant improvements are going to cost you!

They liked to hear of ways I was excited to improve /paint/ add carports or whatever.  

I've done it before just last year with another property but in that case it was just for all new stuff (appliances and some kitchen improvements).

Without knowing the market or property condition, is there any improvements you can make to the property that will help you come out ahead in the long run?

Many areas the local inventories are still under normal levels.

Now as market has improved the seller is willing to break even or take a small loss to get out of it.