If I agree with their finding, I sign off on it.To note the original condition, I use the abbreviation C & F (clean and functional) on every line item.

Contractor's estimate is $800 for labor to repair and re-paint both closets and the bedroom.The 3rd item, drywall/painting, is the one the tenant has the heartburn about.  

At that time, you will not be allowed to start depreciating the item, so you lose out on the deduction in full and will likely owe the IRS back taxes with interest and penalties. 

In other words, I had to earn $75,000 to buy a $50,000 item. 

Also these seem to be the ones you can take care of the quickest, again getting you to where you have one less "item" on the list.For your large 6% loan, I would look at having that paid off at closing with the refinance.

. :1 New window w/ trim: $220Bay Window: 220 x 3Exterior Door: $250 Framed Porch: $12/sq.footA/C: $1400/Unitetc.How do I go about creating a spreadsheet that lists the items, and as I'm walking the property with an iPad, I can input quantity values, i.e.

Any item of maintenance or repair exceeding this amount that is not caused by misuse, [etc.]... shall be performed by Landlord."

Your Choices....Sell with an AgentSell FSBO - no comissionRent - DIY or Property Manger with feesSell On Terms (Rent to Own - Lease Option) The costs to sell with an agent average 10% of appraisal with closing costs and other items (holding costs, closing costs, etc) minimum.

I am getting started with youtube and other internet marketing items.

There is no line item on a tax return for your household rent.