Like what Joshua said, purchase price, closing cost, and agent fees are capitalized.

Location seems quite good close to Espianade park. 

I have another property I'm getting ready to close on that will be an Airbnb so it's a direction I'm going in as well!

Will just have to upgrade every 3 years as Intuit closes down certain things such as the ability to connect bank and credit cards. 

Some states require an attorney to close even with a title co. 

So instead of a really cool development with a ton of mature tree's left I lost 80k and could not close..

Thinking of either making it a 4 -7 plex catering toward seniors who retire to the area, want the walkability of a nice DT area, golf, outdoors etc and need a summer home up north close to hospital systems etc.

Tampa is another one but I was never really close to being able to touch anything there before huge appreciation. 

Also, are they closing on the spot or just prospecting?

Minus closing costs you're even shorter.