If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

Are there any LLC-buyer specific potential pitfalls that we should be wary of?

I've now had my LLC for almost 2 years without being able to write anything off.

That's a pretty awesome place to be in!

I don't think I'd want to be on the opposite side of him, I'd rather be in his corner but most of these deals it means he's not necessarily on the same side as you if it's being offered to you and he's not taking it.I avoid these academies and masterminds of the sort.

I am looking at some Repository list properties, due to these being on this list it is to my knowledge since they are from judicial sale they will be provided with a free and clear title.I am noticing 2 things on some PINs either the pin is for a "improvement only" (trailer, garage etc) or the name on the repo list does not match the most recent on the GIS pin.With these situations does that mean if its improvement only you would only own the trailer for example and not be able to do anything with it as the land is still theirs? 

In order to determine if your property is eligible and ensure your assets are assigned to their respective recovery periods, a cost segregation study is needed.A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.

If you did the cleaning and repairs, you aren't going to be able to charge for your time. 

Why would not having a bankruptcy be an issue?

@Kevin Turano, that appears to be a deed not a lease.