@sornord1
@Anonymous_ already discussed the "grey area" with respect to "placed in service." I would be concerned about your audit position if you have communication from the management company that they refuse to list your property until the changes are made. But that's why we are suggesting a pro. (By contrast, suppose you had listed it privately, while the work was ongoing, and offered people to move in immediately and get a discount, or wait for the work to be done and pay full price. That's probably going to be looked at differently than "refused to list".)
When you place property in service, you list it on your schedule E, with the starting cost basis for depreciation. Even if you did list it on your 2024 tax return as being available in December 2024 (for example), you would still only get 1 month of depreciation. (cost basis ÷ 27.5 years ÷12 months) so it would not be much recovery as a practical matter, even if it was allowed.
