I had an idea of buying a real fixer-upper that would need most of those items installed, updated or replaced. 

I would recommend having enough for one large item +.

I could quite easily put together a scope of work detailed down to the item numbers of the cabinet boxes and light fixtures.

Also, it is likely the address is being used as a "scam address" for items purchased on stolen credit cards.

He already threatened in writing to sue for any missing items of disclosure. 

So the water heater by itself is almost 10% of your allocation and a water heater is a low cost item. 

I’d approach and introduce myself to the more popular booths and vendors and of course purchase their items.

Active being fairly subjective, but if partners are signing on loans, brought in for decisions big or small, or have an overall hand in the management, they are active.Passive investors, as mentioned, becomes a syndication and there are many SEC filings and compliance items that need to be handled.

I found items that belongs to the tenants.

Thanks a lot for your kind explanation.When filing the tax return, should I add the same items of the two closing costs together?