Therefore the property types that are the most favorable to generate bonus depreciation will be those with a high degree of what the tax code refers to as "land improvements". 

For this project, I would’ve said if it went over 12 months, I would’ve factored it in to some degree.

We also have a good friend/real estate lawyer who also says do it and he will help us structure the paperwork so we are protected to a certain degree (not sure what that means since we haven't gotten that far).

and independent surveyors ( and appraisers to a degree).When someone is going to sell.. the first thing they do is a survey and sometimes an appraisal.You could also meet with city 'officials' to inquire about areas they want to REHAB and often give financial incentives.Are there any closed businesses?

Here’s the thing , I’m 21 and about to finish my engineering degree.

You don't need a degree to invest real estate or be a real estate investor.

It is designed using reverse engineering from your specific financial goals, backwards through a series of connected pre-requisites (like college classes leading to a degree), which are also financial in nature, that startw with the financial position you are in at the time you start executing the plan.All three of these knowledge bases must work as one. 

Lenders can use an offer letter from your employer as your "income base" if your full-time job is in the same field as your degree.

:) Some say that it isn't necessary, but I think a finance or business management degree would have been a good foundation for me. 

You empty it , and cut holes and take it to scrap yard  .There are 2 ways to get rid of the oil , first , if the furnace still works , turn it to 80 degrees open some windows and burn it .