Multifamily located in my targeted city that met my buy box criteria.

The on the left side, select "Schedule E Wks" and then check box "G" (other passive exceptions)."

They would need to pull the outlet out of the junction box to confirm this which most inspectors won’t do.

And just like with the others above there are some good deductions you should be taking advantage of here as well.S-CorpW2 income – that’s easy, you probably understood that your W2 income can be added BACKK-1 income (box 1 & 2) – also pretty self-explanatory, but just in case, it’s added BACKAmortization/Casualty Loss – Added BACKDepreciation 1120s (line 14 & 15) – Added BackHowever….Mortgage Notes, bonds payable in less than 1 year (Schedule L, line 17)- this is SUBTRACTED from your incomeMeals & Entertainment (Schedule M1, Line 3b) – SUBTRACTED from your incomeNon re-occurring Other Income (1120s line 5) – SUBTRACTED from your incomePartnershipsW2, K1 (box 1,2, & 4), Depreciation, Amortization/Casualty Loss – all added BACKNon re-occurring Other Income, Meals and Entertainment, Mortgage Notes payable in less than 1 year, AND Ordinary income from Other (1065 line 4) – all SUBTRACTED from your income*WHEW* What a lot of information and we could probably spend ENDLESS amounts of time on this subject.

I deal in mods on both the retail end and specs. 

For your lender, you want to find someone who fits your investing strategy well and work with them to narrow down your buy box so that you can get a deal that is pretty simple to finance (this will reduce A LOT of headaches later on).

If you don't understand that going in to it, you will fail.Now that I'm off of my soap box.

2) Agent calls about fixer-uppers BEFORE they hit the market.Challenge will be getting them at the right price, w/o insulting the agent.If you have the time or funds to hire someone to do it for you, suggest you setup Constant Contact or similar program to send monthly reminders to agents about:1) Your repair services that save deals2) Post 1-3 success stories with quotes from agents you helped - because they all know each other3) That you are looking for fixer-uppers, with some loose buy-box parameters (don't be too restrictive or you won't get deal exposure)You can then add every agent you encounter.It will take 3-6 months, but will eventually snowball if you do good work.

Your examples and explanations help a lot to clear up the original question, specifically clothing items.Do you recommend I keep a record, separate from my P&L, of purchases that may be less-than-ordinary, such as a cargo box to carry tools in my truck, or car seat protector covers (to protect my truck seat from getting dirty from tools and other items), etc.?

Told my real estate agent my buy box and he was able to negotiate on my behalf.