Any excess is carried fwd as an NOL.

The thread went off the rails when someone suggested subsidies of of compassion for idiots confronting known risks with no protection on their own.So excessive rain is a known risk of hurricanes.

When you apply the caulking, use a damp finger to remove excess caulk and ensure that the planks’ separation is filled.

If you've got a fat stack of cash to work with, you can make all-cash offers on "as-is" properties with a fast closing, no contingencies, and get properties for 75% of market value that way.

I'm not saying you weren't, but I know architects and engineers, if they get a feeling that a client doesn't really know what they want and will need an excessive amount of hand holding and doing several redesigns through the process, they will pad their numbers.

(And let the excess basis be depreciated over 27.5 or 39 years, as is typically done on real estate without a cost seg.)About @Sang Ji's question "can you do the cost segregation for the new apartment complex you buy through 1031 exchange". 

I have a primarily stay-at-home job with excessive free time. 

Prior comment of getting 15% in these investments - honestly I don’t see it because of the burden of the overhead to deal with small dollar investors.We started our fund At $500 and quickly bumped it up to now it’s $5,000 because of the costs of dealing with these small dollar investors was to excessive.

You also will not be able to see the house and no one should buy sight unseen without a history of doing it.If you are talking about Auction dot com or Xome or Hubzu, those come with a buyer's premium on top of the sale price between 5-10% and often have ghost bidders in the system so you will see it keep getting reset to hit a higher bottom.As a new(er) investor, auctions are where you go to lose money and take on excessive risk.

Sounds enticing:  buy property after property for .35 on the dollar, quickly flip it to someone else for a fast, fat profit.