Your tax adviser can work with you so that you can identify the different categories of items to depreciate at what time periods.  

BTW, a door stop on each door was an "initialed" item on my move in check list!

A pool is a luxury item.

I also need a new central air unit, which I think is going to be the most expensive item I have to purchase.My budget is $8,000My time line is 2 wks to a month, I'll be doing most of the work myself with the help of a handyman when needed.I paid $26,500 cashMy budget is $8,000 but I'm going to try and get it finished with $6,000ARV=$80,000That's it in a nutshell, let me know what you guys think.

Gross monthly scheduled rent must be at least twice the P&I payment to break even.Do your due diligence to make sure there's nothing going on with the property that will make expenses (which includes vacancy and capital items) more than 50% of the rent.

The reason is that you are allowed to deduct a lot of items for business purposes that you can't as a person only.

I use what I would consider a Line item to evaluate the deal.I just run every single number into the equation and then I add in overages in rehab expenses, add in additional holding expenses if the property doesn't sell in a reasonable time frame, and I add in a worst case ARV fudge factor.

Adjustments to be made with appraisal comps:http://www.nationalmortgagenews.com/gallery/10-com...Of course, it does not say how to make the adjudtment, but at least it itemizes property differences to be considered. 

In 90% of the cases they accept what the first is offering.Bill is suggesting a POC - you do a POC on the HUd it's just not a line item ON the Hud..it's off to the side, or you can pay the second before closing but that rarely works because you would need a whole separate approval issued or SOMETHING in writing that if you make the payment, they will still close the sale.

But when presented as a reward for a specific act we want to encourage, the tenant is more likely to continue doing whatever you are rewarding her for.Gift cards can be an important tool when training tenants and reinforcing good behavior (e.g. reporting a repair promptly, even when the damaged item does not impact the tenant's comfort).This is certainly not to demean tenants -- after all, everyone's been one at some point -- but we can draw many landlording lessons from the training of dogs.