This can easily come up in conversation. 

i mean step by step (architectural planning / permits etc...) just bought a duplex in STL in i'm looking to convert it into a single home and sell it. it's my first conversion and i'd like to minimize mistakes.. thanks!

I'll also add you as a contact and send you a private message to continue the conversation. 

I would assume that the CapEx is reserves for water heater, furnace and other items like that.

I signed up for the local newspaper and had many conversations with friends and family who lived in the area.

I don't know if there is a defined number of hours you have to work each day but let's just assume you should probably spend at least 4-6 hours per day on "business" items.

I have seen many posts regarding hard money lending for a new project.  My situation is slightly different.  I own a three family home in Massachusetts, purchased with an FHA loan with one of the owners, my son, still...

She does have her couple items left outside her room and MIGHT be more inside the locked room, though I do not know for sure because I do not care to enter her room without advance notice to her. 

@Nancy B.The DMSH is less an expensing election and more a book conformity election.There's a concept involved in the DMSH and other areas of the capital expenditure code section and regs called "units of property".You don't examine each line item on a receipt, you examine "units of property".Buildings are called out under the units of property regs as having special treatment. 

Is there any advice that I should be aware of when making this leap forward.Thank you for this forum, many informative conversations & hospitable members.Eager to her your input !