@mikenandria wrote:
....yes, I can break some of them out, like new flooring and new HVAC system. Is this correct? It makes sense to me to do that, since the items mentioned may have a shorter depreciation time.
The short answer is that you cannot "break some of them out" before the rental is placed into service; you have to add the costs of those improvements to your basis and depreciate the resulting total over 27.5 years (at the time the property is placed into service as a rental.
