Misclassifying CapEx vs. repairs is one of the biggest issues I see with investors during tax season.

She went in-depth to talk about maximizing rent and correcting all the safety issues that were mentioned in the inspection report.

.: In my market my underwriting shows the same issue.  

Many investors are running into the issue of realizing that their property’s resale value is nowhere near the value it appraised for during the refinance.If you’re planning on buying and holding for a very long time, you might end up in an okay position.

Plus this was a bank auction and plenty of other bidders offered far more at $400k but due to issues (city inspections and delays) outside of mine and banks control they are willing to work with me.

I’ve had far worse issues with US citizens.

If you’re asking for draw funds and the work hasn’t been completed or there’s issues with permits that’s going to be problematic. 

Larger rehab projects always bring challenges, from coordinating contractors to managing timelines and addressing unexpected issues.

The issue I run into while researching this is that my fiancé and I have substantially different incomes and file taxes separately every year.

@Gin Zhuang The Ciy of Flint, Michigan had a major issue with lead pipes a few years ago that scared a lot of people.What people fail to realize is that MANY homes in this country, built before 1950 have lead pipes from the city supply and may have internal lead pipes.