Your write offs are also not effected, so you can write off miles also as an individual owner.

I would have a CRE attorney help me write something into the lease about abandonment. 

There is plenty of supply so I would either pass on this or write them an offer that makes sense from your position.

From the inspection write a list of exactly what you want.

My wife and I chose to write down our own rules for both our marital property and our estate, so that it doesn't go to whatever wacky CO law governs distribution of wealth.

Hey @Zack Rosenbaum,That's high but it also depends on what style of building it is, square footage, whether all units have two means of egress, etc.  

Get EVERYTHING in writing.

Very good book, thank you both for writing it!

How are you writing your offers when they are funded with hard money?

You can write off everything still, its actually better if flip takes more then a year as you can make it look like a long term capital gain, need a investor friendly CPA who isn't afraid to do what gets you the lowest tax payments.