For instance, could I consider the cost of a $15,000 cosmetic rehab and expense and deduct it from revenues or would it be considered an improvement that I would have to depreciate separately from the building? 

For instance, with vacant properties, I’ve heard of wholesalers putting a lockbox on the property so they can send in as many cash buyers as they want to bid it up as high as possible.

Whatever we think it is, we double it in many instances.

We might see a little improvement in Greenfield with the Amazon warehouse extension!  

"If it ain't broke don't fix it"  Making a place look good doesn't have to translate to removing all the cracked plaster and doing extensive renovations.  

Show me the beef, show me the SUBSTANCE, the meat of it, because it's all bun wrapped around this tiny nugget of "beef" in pretty much every instance I have found.

For instance, if he was capitalizing POH income or his expenses were artificially low because hes doing all the work and not being paid a salary for it.

When I sent the 3-4pager over to ask for suggestions, The agent sent me a much more extensive contract, which is the standard contract for their deals (they are in a large, national brokerage).The capital partner requires us to have the property under contract before they will put the money up., so there's a bit of pressure to get this contract approved by the seller and all parties involved so I can see what the moneyguys say.Here's my question: How far should/do I as a first-time investor -- who wants this relationship to be a long-term, fruitful, mutually-beneficial relationship -- push to change the "standard contract" so that it only includes the wording that makes sense for an assignment? 

We took out a bridge loan 24 month term with 2 extensions.

@Christopher McConnellThe entire process of foreclosure, adverse possession, tax sale, tax lien sale, tax deed sale, etc. is state specific and very often county specific.Any generalization is going to be incorrect for a large number of cases.If someone wants to begin investing, or speculating in tax liens for instance, they will have to learn the laws governing such for each state they’re interested in, and the rules, regulations and procedures for each county they’re interested in in that particular state (s).