@Susan O.Appliances, carpets = 5 yearsFences, landscaping, other land improvements = 15 yearsAny property with a class life less than 20 years can be 100% bonused under the TCJA. 

We let them pick the carpet colors and both buyers (it was a front/back duplex) selected BURGUNDY.We all agreed that we wouldn't install the carpet until 3 days before closing, just in case it didn't close. 

We have re-carpeted the stairs and upstairs area.

I recently found a property in a prime location and it needs “minor rehab”: Minimal drywall work, painting, carpeting, and exterior fence around the property in order for it to rent out.

I used them to clean carpets before and they also sell and install flooring of all types.

I plan on renovating to the extent of swapping carpets out with hardwood vinyl tile throughout, painting the cabinetry and installing hardware, installing a new solid countertop, and repainting the house's trim and walls. 

This route will require a partnership return to be filed in which case each member/partner will be given a K-1 which will be then added to their individual tax return.If you do it other ways where one person is not a member or not on title; it gets really messy for tax purposes.

I'm switching out hardwood floors for carpet, which will probably make the value less, but i'm concerned with the bank wanting a new appraisal. 

Our total closing cost was $9.175.20. we estimate repairs to be around $3,000, mostly to replace carpet.

I have had a property manager taking care of my properties for the last 6 years. I have 25 SFHs and one person handled everything. Unfortunatley as I grew and learned, I realized she wasn't doing a great job. Homes we...