The cost of acquisition, deeply itemized to make sure you have a real number, acurate analysis of market lot rent potential , and cost of engineering srudies then install or rehab of wells and septic install, cost of new or upgraded electical hook ups,  roads, then the multiple meetings with county zoning and water departments before you even start the rehab.

So bad news, because you are not currently in business (investing, renting, etc.) you will not be able to deduct them as a business expense under section 162.The good news, because you have decided to go into business you will be able to elect to deduct up to $5,000 of these start up costs under section 195.  

LLCs can also elect to be taxed like a corporation so check with your tax advisor for specific advice.

However, if tenants elect to park on the street, you have no remedy.

However, Black Knight Data & Analytics Executive Vice President Ben Graboske noted the federal government has some buffers in place to block a potential mortgage catastrophe.

When we started a year ago and a half ago, we were told to structure our business as an LLC and elect to have it taxed as an S-Corp.

Housing and Urban Development today announced HUD will speed federal disaster assistance to the Commonwealth of Puerto Rico and provide support to homeowners and low-income renters forced from their homes due to Hurricane Irma.Yesterday, President Trump issued a major disaster declaration for Culebra and Vieques municipalities.

Columbus Suburb Refi -- On November 24, POL advised that "We are waiting for the presiding Court to schedule a mediation date for the week of December 11th - 15th.

Then on Jan 8th, 2013 the same company recorded a withdrawal of notice of election....I was behind in 2012 on purpose because I was advised to pursue a program to reduce my monthly payments on the house using a government program.

That is the question.If Toni's LLC is a single member llc that has not elected to be taxed as a partnership then the activity of the property is probably reported on her individual return.