Expenses for initial repairs before renting are usually capitalized and depreciated.

ci=Bismarck&st=Nor...This will help you determine how much demand there is and whether or not you can charge enough to cover your expenses and hopefully produce some cash flow for you.

Additionally, there’s always a risk that any pet-related damages could be hidden under furniture or otherwise concealed, potentially leaving us to cover the costs if the security deposit is fully depleted by other expenses (e.g., damages or unpaid rent).

That’s $250 per year in interest expense.  

Thankfully, my wife is still working, and we have a few months’ worth of emergency funds to cover our expenses.

So far, we’ve been looking at Ericeira, Azeitao, Sesimbra and downtown Lisbon but those areas are saturated and are expensive.

That seems like an expensive roof - does it need to be completely torn up and rebuilt to hurricane standards?

The public good is the saving of wear, tear, and expense on our first responders.

I would make one distinction and that’s between an expense and a capital improvement. 

I'm wondering if I should build out the house to sold comps valuation (bigger more expensive house chasing equity valuation) ORShould I build just enough of a nice mountain cottage for best cashflow.