In 2017, the costs to improve inventory will be added to the cost of the property and expensed as COGS when sold.Only items that will be expenses in 2017 will be things that don't improve the inventory (like a home office deduction, travel expenses, etc.).Keep in mind that there may be other facts I'm missing so be sure to talk with your accountant/advisor who has a full picture of your situation. 

That is why I use software that allows me to block partial payments. 

Extensive work in EB5 and other real estate investments for Chinese nationals.

Luckily it was caught, added onto the HUD-1 and I was left with no obligation to it.I've done several Multi family transactions prior to this without the aid of an attorney and was never made aware of this concern. 

The added bonus, the books are very easy books to read.

This property needs extensive remodel.

If they have the same ad this year as five years ago that is a good sign.Perform your due diligence.

Tenant turnover costs were extensive.

I also added four fluorescent fixtures (used) from ReStore to my garage at home - about $32 total, including tubes and spare tubes.The ReStore does sometimes have new windows and doors that were overstocks, or a special order that somebody didn't go through with, or things like that. 

If unable to find another deal in the same area I will be looking to deploy capital on adding the ADU.