Municipalities really do not like it when you lie to them about living space.

If you do otherwise, you are lying to a financial institution, a serious federal offense.If the loan is not backed by the fed, you can do whatever you and the bank agree to. 

Any advice or guidance is greatly appreciated as I begin learning more about the great opportunities that lie in the REI space!!

If posters are not teaching someone how to lie they are "selfish liars" ?

There is a chicken/egg problem there because you need the business to need the warehouse and you need the warehouse to have the business.Also, I've thought about finding an accredited investor who would put the money into an oil well on my behalf.

So you are either incapable of retaining information provided to you or you're here on a public forum blatantly lying.

You would probably have to lie to the bank to even get a residential loan and then if they caught wind of what you were doing they would probably just call your loan.

Which was just their chicken way of letting me go.

Previously owner could be lying or telling the truth.

This deduction can offset the income generated by the property, potentially reducing it to a tax-neutral position.For those with full-time jobs, the challenge lies in the IRS designation of "real estate professional," which has specific hour requirements that must be met to take full advantage of these deductions against ordinary income.