CA \ FED Real Estate Taxes )Rental

[Brandon Pearsons]

Hi

Is the following correct?

All re-hab costs are only deductible after the property is sold again? Seems like a long time to wait for a rental... =\

And after a tenant moves in the repair work is accounted for as a deducted the end of the current tax year?

Lastly, Is de-appreciation in terms of taxation, pretty much just a loan? I do not see any benefit....Maybe I am missing it..

Thanks