As far as seller financing, I don't see a connection there, other than maybe a handful of sellers out there who otherwise would've been hamstrung by knowing they'd have to do all sorts of work to their property before being able to sell it, but I'd guess they'd generally be people without the cash on hand (or credit) to have the work completed and those aren't going to be people looking to do any seller financing, if you're already tight on cash, you're going to want to get whatever equity you have in that house handed to you in a cashier's check at the closing, not enter into some land contract deal. 

PM called a plumber to clear a clogged sink trap (for me, 3 minutes and a $3 Zip-it) and it's turned into a $735 wall-entering, big gobbly-guck.    

Is there a place on the 1040 that I would enter the catch up depreciations, as calculated with Form 3115, and thus deduct from my 2015 income?

I have been entering all my bids as proxy andI'm yet to win any auction.

@Jesse WatersWell since I am new and just entering the workforce out of college, I'm looking to invest as soon as possible which means the most I will be able to afford is duplex, threeplex, fourplex and if possible a bit larger multifamily.  

Do you just enter in the purchase price for each property or is the language more generic?

My question is, is it worth entering in this market?

I have not gone any further to get more info yet; I would have to enter all my info. 

Too much work - I would only enter summary.

I'm entering my second year now on the property.