Forming a business is great way to rack up [legally deductible] expenses (including the home office deduction), but you have hobby loss rules to be mindful of moreso than the home office expense.

That's a long time to hold a property as the interest on the hard money alone will be a hefty expense that racks up the longer you hold the property. 

If its a teardown wooden house, then how much of the wood is salvageable?

If you BK on your education loans, you still have the education and ability to make an income with the education received.It all starts at home with parents teaching their children how the real world works before allowing them to go out of state at a great football school to study philosophy while racking up $100k in debt.

(There's only a low wooden fence and a lawn besides the main structure). 

I had a gut feeling that this was too good to be true and I am peace with my decision.As of now, I am all over the place in trying to get a solid team to help me navigate through all the wooden nickels and find a solid deal.

Or if you had a deal that you could show that might work too.If I were you, I'd also be worried about racking up interest on $300K with no certain way to not only service the interest but return the principal. 

We have a corporate card and rack up buku points, which I then transfer to my personal chase sapphire preferred card and use to book airfare on skyteam airlines (United, Singapore Air, All Nippon, Lufthansa, Southwest

But it was nerve racking nonetheless.  

That winter coat you found on the clearance rack?