Investors & landlords

As I mentioned up front, all of the costs are improvements and thus both can be added to the basis - per the CPA I spoke with.

 

$30k is actually pretty easy and fast to get to after renting a home for a few years, not sure if you have done many home remodels and upgrades.

 

Here are a few sample costs:

New flooring - $3K

New HVAC - $10K

Paint all interior, replace baseboards & paint - $10K

Landscaping and tree removal - $3K