Pro: No depreciation recapture Con: If you have income it reduces your asset amount for calculating QBI I would also be fairly surprised if land was only $10k on a $100k purchase- how was that calculated There's no depreciation recapture because there's no depreciation, but according to the regs there is ordinary income tax due on the entire sale amount that corresponds to the carpet....given that the whole purpose of the safe harbor is to reduce record keeping, the reg seems illogical as how would you know what corresponds to the carpet without having it on the asset schedule, but it's there in black and white in Reg. 1.263(a)-1(f)(3)(iii)Michael Plaks I believe highlights this in his example where he allocates a $500 residual to your $2500 carpet and said $500 is 'recaptured' at ordinary rates, although technically not depreciation recapture since the item was expensed and not depreciated.See also:https://www.law.cornell.edu/cf...https://www.claconnect.com/Wor...https://www.ruraltax.org/files...

No AA meetings or food banks either.

The window looks great to and really highlights the beautiful sunsets. 

Again, this is just my understanding of things, as 'food for though'.

Be sure that you highlight that "selling your house can be easier than you think" with the advantages of working directly with you instead of the more traditional route.

Food for thought.

His insurance should cover it, then if he wants to push liability down the food chain that's on him.

Food for thought:  the $5000 you are expecting to spend on repairs, are they needed maintenance items or more cosmetic type improvements?  

I am not trying to kill your dream, just adding some food for thought. 

Then I’d look into a pest control technologies degree because they will leave food out all day which always attracts vermin .