I am really excited I just recently bought my first deal in Georgia.  The house needs some modification made so that when I move out I can rent out the house for more and create more equity in the house.  The question I have is since the plan is to rent out the house can you deduct any of the expenses from your taxes come tax season.  If I am not able to deduct would you be allowed to depreciated major expenses over time? If there is anybody that has the answer or could point me in the direction of somebody that I could speak with that would be much appreciated.