So I had time to think, and decided one of the things in the my acceptance/counter was that they would have clean up the residues, fumes, chemicals, and odors of the fragrance and toxic chemicals in the house, and come down to 170 or a bit less, maybe pay closing costs, all or half.

I make a very good income (about $2k surplus per month) and we have little debt ($17k on two vehicles and $5k on a credit card).

Also, would the vehicle you drive make a difference?

Operating expenses include taxes, insurance, paid management, maintenance, office supplies, advertising, legal fees, court costs, fuel for your vehicle (or mileage), some vehicle expenses, some education expenses (possibly depending on your business situation), etc.

Operating expenses also include management (whether you do it or not), maintenance, advertising, vacancy allowance, office supplies, legal fees, evictions, court costs, utilities paid by the owner, lawsuits, fuel for your vehicle (going to and from you rental), damage caused by tenants in excess of the security deposit, etc, etc, etc.

Also, in areas that have a high probability of positive cash flow, you often sacrifice being in a highly appreciating market.So, if you are only focused on positive cash flow, you will be paying the IRS a good chunk of your money, and you will be short changing yourself on appreciation.According to this book, appreciation is the best vehicle for wealth building in REI.

Do you have any idea what was buried if it is anything chemical/oil related I would be alot more worried than if it was metal trash.

For the investment vehicle to use, I was thinking of ITB which is the US Homebuilder's index ETF for house construction projects, and REZ, the residential equity (i.e. home rentals) REIT index ETF.

I will leave you with this conclusion to my post, the reason I personally pursue loans as a vehicle for investment is because I simply love the complexity and the amount of moving pieces that are involved.

However, you cannot create a loss with such a deduction so lets assume the S-Corp only had $12k profit & the qualifying vehicle was $20k.