What kind of expenses can be claimed back from the sale proceeds?

If he owes you more than was awarded in the judgement, have a buddy serve him with a small claim summons on his way out. 

Most that claim self employment won’t have either.

I searched Google and found his page where he claims he will "share everything I know" in three days.

but I think its a little unrealistic to invest in non performing and probably second position notes and expect to not lose money on some or many of them.. if they represented that you would not lose then that certainly is not right..

And noting that the SEC “has claimed sweeping authority, but refuses to provide any rules, let alone consistent or coherent ones.”Got it?

Now I see that county posted list of exceeded funds and for this property there is $20k-$5k= $15k remaining balance and bidder can claim.

File a claim for refund.Start or continue a protest.

If you don't need them you would be just as well getting the higher annual deductions than the one time claim, as either way you are going to be recapturing the depreciation if you sell.

Title companies ignoring this policy will eventually (after default, claim and investigation) get black-balled from closing federally insured loans… regardless of whether or not they are aware of it.