Nothing will help you to get to know the area better IMO.I did some quick searches using a min of 120k list price up to 250k and there are LOTS of nice existing homes to choose from in that price range - found a few spec homes SE near Pawnee/Webb Rd that were on the market as well.If you want to dive into the investing world nothing better than buying a duplex, living in one side and renting out the other.  

It is probably more flat than a decline per se.

My take based on everything I've seen is that it would more than likely not be considered dealer status and therefore not subject to all the SE taxes.Are there other things I'm missing that would suggest otherwise? 

Technically wholesaling is not real estate investing per se.

I try and put every expense into a specific category of the SE.

But I would not think of it as negative cash flowing per se.  

must be something in the air waves.as for PMingthere is a legal counsel contact for every one of my clients as they are organizations; as for me i dont 'call my lawyer' i am an individual sole proprietor and so far, always pro se. litigious america, gotta luv it, eh?

As for actual capitalizable expenses, the recovery period depends on the asset.https://www.irs.gov/businesses/small-businesses-se...https://www.irs.gov/publications/p527/ch02.html

This is because the VA Loan isn't really a loan per se but actually PMI. 

@Clarke Wegener, if a taxpayer is a real estate professional for tax purposes, rental real estate losses are no longer per se passive.