You could roll up a entity, and write off the office supplies or whatever you want to catalog it as, but the write off value on them books will likely be worth less than the cost to form the entity, documents, and tax filing cost.Once you have a working business, you can absolutely write off software, books, seminars, guru program, etc..

The main highlight or benefit of Fannie mae's 1 year tax finding is that you dont need to prove 5 years in the same line of work which is a harder burden of proof for most realtors or business people. 

The main goal is to live cheap or free so you can save up to build a portfolio.If you are military or former military and are eligible for a VA Loan I would get a hold of a mortgage broker in Fort Lauderdale, Florida and ask them to help.Let me know if you need anything and good luck on finding a good house hack!

My main interest in this forum as I slowly transition from cubicle dweller to independent investor is to build up my network and contacts and perhaps eventually find the next opportunity.Other than RE I'm a computer nerd for my day job, other interests include building electric vehicles, electric vehicle advocacy, bicycling, outdoorsy stuff, and vintage land rovers.  

I mainly want to know if the area is safe and not a war zone?

You can surely go through the "Education" tab under your account's main page that has some valuable links.

Only about half of the reno work will need to be done once property is closed, mainly rot in outside stairs and plumbing. 

I'm mainly interested in the rent roll.

The main take away here being don't push your estimates to the top of the limit in order to make the investment work, at that point you're setting yourself up for failure.

Yet.)The actual Request/QuestionWe are currently having a lawyer draft up a contract to define the partnership (as private persons, no company structure yet), and it would be very helpful to me if you could look over the main points and give me feedback!