Some examples of this would be 1) depreciation calculations such as switching from straight-line depreciation to accelerated depreciation (often used for cost segregation studies when not performed in the year placed in service), 2) income recognition, and 3) inventory valuation such as changing from LIFO to FIFO.Correcting a mistake: If you realized that you used an incorrect accounting method after you filed your tax returns, you can file this form to request permission to change to the correct accounting method so that your tax reporting is accurate.Here’s a chart that you may find helpful when deciding whether you need to amend your return or file a Form 3115.As always, I recommend consulting your CPA or tax advisor as the rules can be complex.What is your experience with filing a Form 3115 or amending your tax return?

Drafted a plan, gathered estimates, created a budget, put together DTI sheets, even got an "as-built" appraisal, and also have it in a permit status at the Local Building and safety office.Then I started to look into the construction loan and the permanent financing....to do it myself, and not through a builder.I soon realized that there are sooo many companies out there that want to try to help...but cant  (some of them were even on this network of people):  don't have builds on record, won't allow for owner-built homes, my credit is less than 680, while carrying the construction loan, there may be a point at the end where because i have my rental house while building that it become hard to pay, and  I can't pull out a private loan to help start process because my credit cards balances are horrible...and my "business" has no show of income.So, now we are here in the present time....   

I realize it a tender area of someones death....in lieu of empathy...is there a proper way to contact probate attorney's concerning picking up properties that family/estate wanna unload? 

I didn't realize you were only a couple years into this.

You realize that correct? 

I realize the rentable window is likely 8-10 weeks in the summer. 

There is just so much money to be made from this purchase and i don't want to drag my feet and let the opportunity slide by once someone else realizes the cashflow this place makes, and they buy and and i loose the opportunity.So i guess I'm looking for options for help with down payment.

But realize that to recognize that appreciation you have to hold the property over time.  

@Victor NguyenAfter working with many investors I have realized that everyone has a different criteria.

When I went down till then there was no water and I just realized that sump pump in corner wouldn’t run without electricity and there was no battery but I assumed that electricity will be back and it will be fine but within half an hour before I left basement water started overflowing from sump pump.