On top of those you mentioned, there is also a chain of custody that you need to make sure they dump it on the correct landfill.

This includes the Interest Expense, the Meals, the Legal & Professional and Office Expenses, so you can negate them if you're buying cash, but you'll want to account for interest if you're financing.Fourth, their depreciation is not your depreciation. 

Maybe you will decide that it does :D  On the other hand, if you decide it's a financial ball and chain, then you will gladly give it up without the advice of anyone else.

If your dad's parcel sizes are smaller than typically they are of no interest to the national chains unless an adjacent parcel can be bought increasing the size they need for optimal site layout.While another gas station might not go there another type of retail asset might like a bank etc.

===================House prices in parts of London that were once at the epicentre of the UK property boom have fallen as much as 15% over the past year in fresh evidence of the impact of the EU referendum.Figures from Your Move, one of the UK’s biggest estate agency chains, reveal that the average home in Wandsworth – which includes much of Clapham, Balham and Putney – fell by more than £100,000 in value over the last 12 months.

I have seen front door chained and windows boarded.

For us it seemed like the struggle with rehab-related things was in late 2021 with the supply chain issues.

I ask this question because there are real differences in what you are allowed to deduct, capitalize and report in these two situations.Investors that are wholesaling and flipping are typically in the business of real estate.Landlords typically are not in a "trade or business" as defined in the IRS code & regulations, but are engaged in an investment activity (Production of income).Deductions that are reasonable and necessary in the production of rental income are not necessarily the same as what would be considered reasonable and necessary for a business.A business would be allowed research and development costs, educational Seminars, trade shows, meals and entertainment.

A chain of agents does sometimes lead to confusion.

Every time I hear someone’s story on the Bigger Pockets podcast, they always say they took a huge risk and now own xxx amount of properties. 8 years ago I used to be homeless living in a abandoned house for over a year not knowing where my next meal will come from.