For as long as I could remember I never wanted to have a regular 9-5 and always had a goal of being wealthy.

If you study history, it is not a phenomenon that occurs regularly, at least not compared to the lifespan of a human being.

An ounce of prevention is better than a pound of cure.Inspectors can vary DRAMATICALLY in their experience levels, and their thoroughness, and even the best inspectors will occasionally miss important issues (nobody's perfect).Therefore, each time I buy a property, I don't use one home inspector, I use SEVERAL layers of inspection done by SEVERAL pros.Yes, I use a regular home inspector, but I also have an experienced plumber scope the sewer line on EVERY property before I buy.

I listen to all of the above using regular over the ear wireless headphones.

Its a little different than regular straight line asset depreciation 

A close friend relocated there so I visit regularly.

Especially, if you're looking for tax strategy related assistance than just regular tax return filing.

Since you never formally owned the asset, that income could be seen as regular income.

If you look at this as a regular business, its revenue is $82k, and its expenses are $41k, so the gross profit is $41k. 

What I was referring to were things like copies of operating agreements, verification of identity, copies of other documents we've already presented to our escrow company that establish how to take title, and so on.