We had no other significant changes in income or deductions.Is there any advantage to the spending a significant amount of money to improve the property in 2016?

I have tried searching the posts, but didn't see anything...I was curious if anyone knows if there is a way to deduct improvements you make to prep a house you currently occupy but bought for a rental...is there a time window...I am kind of in a buy-rehab-rent situation and did not think I would be able to deduct any of the rehab costs, but figured I would ask just in case I am wrong and I can....appreciate any literature you might point me to as well...I am trying to finish up my accounts.Thanks!

I will have down payment and improvement money.

People are investing more in the back of their property, and the home-improvement boom is driving that engine.

@Tony Mayo Just to address a couple of your questions and discuss strategy, a great way to borrow funds (from any source) is to find a property that is either under market value, or can be improved therefore raising its value in a short amount of time (forced apprecaition) and then, say 6 or 12 months later (there are rules on how quickly you can Refi), you can then refi it at the higher value.

If it's in good condition, providing a good return, and the neighborhood is improving, why would he dump it?

For air conditioning in this scenario, you could install a ductless heat pump if there is sufficient demand.Regardless of your choice for heating system, you will get your best bang for your energy efficiency buck by improving the building envelope (air sealing, additional insulation), which may necessitate the addition of a ERV/HRV to maintain air quality in a tighter building ... but it may also allow you to use a smaller boiler/furnace to condition the building.

http://kuow.org/post/rent-control-illegal-seattle-...http://www.capitolhillseattle.com/2017/04/chair-of...Tenant Ownership can be a powerful tool to create, preserve and improve affordable housing.

Also, if there have been upgrades to the park and/or improvements usually the lot rents go up. 

Combine this with all of the other great approaches to real estate here on Bigger Pockets.Just got off the phone with a homeowner in Oakland that was exploring two options to finance $14k in home improvements. $14k subordinate lien @ 8%.Cash out refinance to pay for the $14k.