Hi, great questions I would definitely contact the Turbo Tax CPA tax expert department, and they should walk you through the whole process that is included in the program services that you paid for with Turbo Tax. 

FinCEN’s Small Entity Compliance Guide walks small businesses through the requirements in plain language.

Even if you’re a complete beginner, Dave will walk you through how to create an investing strategy specific to you, a “portfolio plan” that’ll explode your wealth, and a “deal design” that helps you lock in on the perfect properties for your portfolio. 

I have walked through a few properties that I know would cash flow. 

If not, I recommend commissioning one and only taking their counsel on tax-specific questions.I have a list I keep updated and recommend through our REI bookkeeping firm if you don't currently have one.They can walk you through exactly what you can and cannot write off during these trips and what you need to document in order to write things off.It's not necessarily a simple "yes" or "no".

@Tim Bee, what @Russell Brazil said but also when it comes to restoring the property to its original condition you can require them to escrow the funds to do that restoration work up front because we all know its hard to collect from people as they walk out the door. 

Especially this part: Walk-through/ inspection checklist with seller. 

By working within a territory versus a specific town/city, we are able to take ourselves out of "NEEDING" to make a deal.This in turns allows us to "WALK Away" from an offer, thus we can make a "FINAL OFFER"; knowing the Seller will accept or we are okay walking away.  

Whos'  walking them for you and getting your reno budget? 

@Levi Five O One Blues  RUN, don't walk away.