Thank youWell, I hate to go down this road, but it seems to me you're pretty much committing mortgage fraud here.If you inflate your profits, the IRS doesn't really care and will happily allow you to pay higher taxes than what you ought to.But from a lending perspective, "only deducting expenses that can later be rolled back into my income by lenders" is deliberately massaging your self employment income to qualify for a loan.  

I presently flip and restore historic homes, simply because I love doing that.

Say you can take that same $100,000 and use it to buy 5 properties (mortgaging the rest  or using other peoples money/seller financing- however you do it) and each of your properties is cashflowing $300 a month.

I'll give it a few more days, hopefully some adjustments will be made with the feedback (I do already see the Moderator tags restored).

Do you have any special tips or tricks for this restoration process?

After some research I have found Hair salons, massage places, coffee places, laundry mats, dry cleaners ( High profit from what I heard ), coin laundry's, car washes, and newly maybe subway's.My plan was to buy an existing established business based on revenue.

After being inspired by Liz Lambert's El Cosmico property in Marfa, we were actually kicking around the idea of buying some land in East Austin and installing 5-6 restored vintage Airstream trailers to rent out as VRs, with a common area and perhaps some type of arrangement for occasional live music. 

The contractor is going to work with the tenant on cleaning her items while the house is being restored.

However, all changes made by Tenant must be reversible and property must be restored to original condition at end of tenancy, unless other arrangement have been made with Landlord.

If they are a TAW they have one chance to pay the late rent within 10 days of being served and you must accept the rent and restore the tenancy.