One property that I bought had a judgment from where the owner got in a bar room fight and injured somebody who sued him for medial bills and got a judgment.Un recorded liens like welfare, DPW, and some state liens are not recorded.  

., before December 30If the earliest possible date investor was actively carrying on a trade or business was December 30, 2004, then any expenses incurred in that year but incurred “before the day on which the active trade or business” began, all the expenses incurred from January 1 through December 29, 2004--would be, by definition, start-up expenses whose deductibility, and possible amortization, is expressly dealt with by section 195 (Start up amortization).Court case for reference: Code Sec(s): 162; 195Docket: Dkt No. 30077-07.Date Issued: 04/30/2009Judge: Opinion by Gustafson, J.Tax Year(s): Year 2004.Disposition: Decision for Commissioner.

-I omit bad areas by omitting zip codes in these areas.Just make the decision to call them today.

As a first-time investor, you might find it easier to start with properties built after 1975, as building codes improved significantly around this time, particularly regarding wiring and plumbing, which can reduce the number of surprises and costly repairs.

This should be a pretty low bar to overcome for a property, and any upside is appreciated, of course.

Building codes change every year.

(Source: Journal of Accountancy, IRS Publication 925, Section 469 of the Internal Revenue Code)

I am getting really into code, building systems, job cost, etc.

I don't believe he is a member of the Florida Bar.  

@Scott Mac you've got to know where to invest in Detroit to avoid getting taken advantage of or just plain making a big mistake.Detroit investing is block-by-block, which is difficult for OOS investors to do.Zip codes are statistically too big.That's why we've spent considerable resources ranking Detroit's 183 Neighborhoods.