Hi Mike,
Thanks for the prompt reply. Just so that i understand are you saying that the only way to recoup the expense is to just increase the sales price of the rental property by the FMV of the HVAC unit? I think thats what your saying.
Oh - since I am considering purchasing a new HVAC/furnace for another property. The HVAC lender has a program where I can pay a monthly fee which incorporates the cost of the new unit, all annual inspections and service calls, etc. If I chose this monthly payment plan from the HVAC vendor would I be able to expense such monthly costs or is more complicated than that? Thanks again
