. $5,500/yr for IRA)- Ability to access up to $50K of your retirement funds tax and penalties free prior retirement via participant loan feature- Greater protection from creditors- No need for a custodian + checkbook control- Exempt from UBIT on leveraged real estate - Tax-free investing with built-in Roth component - and more!

Yes if they are a component of the total costs capitalized specifically attributable to the acquisition of the property.

If the breaker has been replaced and the area around the main panel doesn't reek of burning plastic (electrical components melting  smell about as distinctive as burning hair) there is no safety issue. 

Here are some additional benefits it has over SD IRA:Great tax-shelter: contribution limits nearly 10 times higher than an IRA (up to $60K/yr)Exempt from UBIT on leveraged real estateGreater protection from creditors Ability to invest tax-free using Roth (post-tax) component Lower cost since there are no custodian, asset-based or transaction feesand more!!

It's a necessary component for the document to be enforceable.

I see that they have an interactive search component to their site but that could take quite a bit of time and effort to pull data for all of the properties.

Maybe JV, I also have some flooded properties in Cinco Ranch I am working on obtaining and with my knowledge on all the components of the home I can easily find out what needs to be done by just walking through.

@Kevin RodriguezYou could also increase the rate a little, do lender paid MI so it doesn't show up as a separate  component of your monthly payment and then get a better deduction on your income taxes.Stephanie

Tax write off is one component of investing but it is NOT the only reason you buy a property.

If the offer is accepted I schedule a professional inspection to verify the condition and life expectancy  of all major components and appliances.