BPT (which is now BIRT and NPT) has more to do with where you are conducting your business and not the physical address of your business.

." - Regs 1.451-2If the employer has not issued the payment, the receipt seems to be conditional on the employer's availability of funds, the employer's willingness to issue the payment, the employee's conduct prior to the receipt, etc.  

@Patrick WilliamHi Patrick,Your concerns about confidentiality are valid as is your question about priority.It would be unwise to make an offer to purchase the property without having a fairly good idea of its current and built out value.Valuation can be established by running the numbers for each scenario to get a sense of deal performance.At the same time that you conduct underwriting, you can do a “soft” probe into zoning regulations to confirm the ability of getting the deal permitted.The situation requires you to do a bit of a dance between site control and vetting it for feasibility and performance.Let me know if you need any help with doing the tango.

Lets assume we file the K1 for the year 2019 with no business conducted or zero income generated, Can we use the renovation  receipts and other expenses from 2019 toward 2020 tax deductions after selling the house in 2020. 

However, if a cost segregation study is conducted, you may be able to break out the various components of the building including flooring, HVAC system, plumbing, electrical etc. and depreciate them on a shorter timeline (5, 7, 10, 15 years).

It's crucial to conduct thorough market research, assess specific neighborhoods, and analyze individual properties before making any investment decisions

When it comes to real estate investments, it's important to conduct thorough research and analysis to find suitable neighborhoods that align with your goals.

@Josh McCullough are you conducting your real estate investing in GA ?

For all homes (and especially our remote investors purchasing resales), we conduct a detailed "ready to rent" checklist, and make recommendations for decor, maintenance and inventory.

I think someone mentioned meeting once a month and that is a great way to conduct business.