Start-up costs are also deductible but are amortized over 15 years with a limit of 5k.Start-up costs have strict rules and your case might not be the same as this one.Case Summary:Timeline line of eventsStarted investigating property: FebPut first contract (canceled): MayBought first property: December 30thWhether a taxpayer is engaged in a trade or business is determined using a facts and circumstances test under which courts have focused on the following three factors that indicate the existence of a trade or business:Whether the taxpayer undertook the activity intending to earn a profit;Whether the taxpayer is regularly and actively involved in the activity; andWhether the taxpayer's activity has actually commenced.On the basis investor testimony, we may assume that he undertook this activity to make a profit and that he regularly and actively engaged in it.

B. tested the unit to see if it's actually defective.

Here's a quick test... call the company yourself, see how long they take to answer the phone and how they answer the phone.

But if its in a good area, well presented and priced, it sees multiple offers still.

After multiple requests, they finally got a total owed placed on the Charges tab under properties. 

Have multiple exit strategies.

It is hard to edit bank statements where the name, address, font, and spacing line up correctly for multiple months; usually, they are slightly off. 

@Travis DumontThe Fannie Mae owner-occupied program allows individuals to use the program multiple times, but with certain limitations.

For multifamily investments, using the LLC name is typically sufficient for legal and banking purposes, as advised by your CPA and banker.A DBA may be useful if you want a separate brand or manage multiple properties under different names, but it’s not required for most investors.

We do 7-8 flips a year and always use the same local closing attorney.  I'm wondering if it is common to negotiate closing attorney fees due to repeat business for the CA.  When we purchase a property, we have CA fees...