But the IRS allows this deduction to both of us, due to them taking shortcuts in their auditing process.

New inventory and relisting rates have actually declined month over month which is allowing to pricing to remain elevated.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

Not to mention the tax benefits it allows. 

We're not allowed to do this. ;)Moderators: notice that this was just a joke between two colleagues, both tax professionals.

I allow adding tenants as long as the existing tenants are in good standing.

. - This will allow low down payment and the 203(k) allows repairs to be financed into the purchase mortgage.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Thanks your agreement should allow you to keep the deposit.

Although in the last couple deals most have come out as 506C deals where only accredited investors are allowed, there are still 506B syndications where you can be a sophisticated investor (self proclaimed) so you don't have to be accredited.