As someone who is certified in mold remediation and used to be in the business, there is a lot of misinformation here.Stop the source of water and remove and replace porous materials safely.

@Aaron MoayedI think the problem here is that you're using materials from a real estate investment university class and trying to use them to interpret tax law...No wonder you're confused.We don't start with cash flow or NOI in the tax world, although that's fine to do it that way if you have the basic concepts down and prefer to do it that way. 

When we were considering buying a STR in the college town (in VA) where our Alma Mater is located, most of the available STRs being advertised on VRBO/Airbnb were 1 or 2 BR bungalows common in the area.We ended up purchasing a 4 BR/2 BA house because of its very close proximity to the University campus.

Hello, I am curious if repair materials can be bought before closing and deducted on the following year tax returns.

(House next door is listed for $124k with 1,165 Sqft, 3 bed, 2 bath)What we are looking for is a bit of detail on how to underwrite contracting fees and materials fees and if anybody had any quick formulas to run through this? 

I’ve bought properties with little to no rehab money and worked my butt off and paid for materials and labor as I went. 

Flooring in my area is $3 sf + cost of materials.

Because its a 506(c), be sure to run all your marketing materials, language, tweets, posts, whatever through your securities attorney.

60k purchase price, which we used private money from friends to buy, an estimated 15,500 in construction materials and a potential 115,000 sale price. my contribution to the deal is my labor and skill!

We also learned about estimated the cost of repairs and what materials are available.