If the sale is rescinded or not ratified for any reason, including post sale lender audit, or the Substitute Trustees are unable to convey insurable title or a resale is to take place for any reason, the purchaser(s) sole remedy in law or equity shall be limited to the refund of the aforementioned deposit.

There are so many variable to answer that question. as Colton S. said, best way to get an accurate answer would be to talk to a CPA about YOUR specific situation.Some things will vary by state, the entity that you used to purchase the property, if you could be considered a RE professional etc...Here are some things that COULD POTENTIALLY be deducted (again, talk to a CPA):Car millageRenovations (again, not all things)professional fees (i.e. for realtors associations)permitshome officeinspection feesThe challenge is that you can claim anything you want but at the end of the day you will have to face that IRS auditor and explain why a $3000 watch is a valid RE expense and when he doesn't buy it face the consequences...This is why it's better to consult a CPA ahead of time to get your tax planning optimized.

I see on the auditor's website the property taxes are pain in full - does the bank pay them to keep them current?  

You should be able to look up the taxes on the county website or auditor's office where the properties are located, but this seems low too unless taxes are low.

I checked the County Auditor and found the Grade to be C+ and Condition to be A.  

All transactions relying on the new rules would be required to take place through an SEC-registered intermediary, either a broker-dealer or a funding Platform.Company Disclosure Requirements Companies that rely on the recommended rules to conduct a crowdfunding offering must file certain information with the Commission and provide this information to investors and the intermediary facilitating the offering, including among other things:o information regarding the price and pricing method of the securities and the targeted offering price;o a discussion of the company’s financial condition;§ financial statements of the company that, depending on the amount offered and sold during a 12-month period, are accompanied by information from the company’s tax returns, reviewed by an independent public accountant, or audited by an independent auditor. § A company offering more than $500,000 but not more than $1 million of securities relying on these rules for the first time would be permitted to provide reviewed rather than audited financial statements, unless financial statements of the company are available that have been audited by an independent auditor;o A description of the business and the use of proceeds from the offering;o Information about officers and directors as well as owners of 20 percent or more of the company; ando Certain related-party transactions.

I currently work as an internal auditor for a F500 and am aspiring to build up a portfolio of properties in the area, over the next few years.

I currently work as an internal auditor for a F500 and am aspiring to build up a portfolio of properties in the area, over the next few years.

The county auditor site says the building includes 12 parking spots.

the auditor did not ding us.one thing to keep in mind as well.. was when I bought it brand new aircraft had the section 179 deduction.. so we paid 440k for it and wrote off 90% year one.