The question is not whether it can be done but whether it can benefit you.

So, the tags might be "#123 Main St, #Utility" and the bookkeeper will know the property and category for the transaction clearly. 

It may be easier to claim real estate professional status.Have a conversation with your CPA to discuss the benefits and to see if you qualify.

Investors starting out or in new markets can benefit from the relative liquidity of a SFH.

It's definitely not a terrible idea to own real estate outside of a retirement account so you can take advantage of all the tax benefits, especially using the depreciation to reduce your taxable income from a w-2 job.

I am considering doing fixer uppers so it could potentially benefit me.

I know I'd be curious and the member of BP will certainly benefit!

Yes I have and CFRI Volusia is more specific for Volusia county but like the main CFRI, GOREIA is general in nature.

It is a 3 bedroom ranch on the main level with a bigger kitchen and LR than most 3 BR ranches in the area.

I joined biggerpockets a little while ago, but I haven't been on in a while because I felt like I had absolutely no experience so I wasn't really benefitting from this site and I couldn't really give any input.