As you've mentioned, great schools, area in general is nice and it's centrally located.

Wow, you are firing off questions faster then I can read them and they are all good, but pretty general.

I serve on committees when able, and generally be understanding that a program aligned with our federal HUD is going to have it's inefficiencies.

Rehab Loans do not generally care about your DTI or your income.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

The IRS generally does not allow you to deduct expenses for a property that has not been placed into service, as deductions typically apply to operational properties actively being used to produce income.

Wanted to know if landscaping is a tax deductable expense in general and if it differs when one unit is owner occupied.

Hello @Yvonne Wang,The scope of work should include the following:- Basic info: Property address, client name, contractor's contact info, address, license#'s, signed general/operating agreement b/w contractor and client- Specification of repairs: Repair item, Quantity of items needed, total & per unit cost of items, taxes (if applicable), Completion hours, title of the person responsible for the repair item, written summary describing the work- Add'l info: Schedule of repairs, additional payment schedule details i.e. disbursement schedule, method of disbursement, deposits, holdback amounts, etc.The screenshot below highlights a couple of repair items.

We have had brief discussion regarding general Q&A information, and proceeded to provide an ARV price range that would be very attractive to me. 

I see that kind of structure (maybe different splits or thresholds) with first time LPs - it's generally simpler and easier to understand.