Have some repairs to do on the gutters, flooring, fixtures, and windows but overall a really nice property.

He charged $60/fixture to install the lights including the fixture.  

In normal person language, this means the IRS lets you accelerate deprecation on things like cabinets, appliances, carpet, light fixtures, and other parts of the building.

Hey Everyone, If you are experienced with investing in halfway houses I'd love to talk with you and maybe chat over a cup of coffee sometime.

@Terra SpinoThats actually good news they have ceiling tiles if they actually end up having to put the drywall up to separate the units, it will be much easier to deal with the electrical fixtures in case the drywall is required.  

And no need to justify your space by buying numerous cups of coffee.  

Completing relatively simple renovations (new paint, floors, fixtures, refreshing the place).

Also, if we enter any situation where we let them stay for a period of time, there are numerous issues that need attention (active leaks, broken fixtures, etc).

Please Dm me John I would really like to buy you a cup of coffee and continue this discussion 

I'll try to post updates bi weekly; In the past week, the following has been done: --New roof installed just before closing--Light demo completed to reveal hardwood flooring throughout the home, gut kitchen, remove bathroom fixtures, remove trash throughout home and backyard.In the next two weeks we have new framing in kitchen to be done, start some electrical updates, get the half bath and basement back together (those are the easiest) then do drywall patch and painting and refinish floors.