.➡️ Operating ExpensesThe IRS lets you deduct “ordinary and necessary” expenses paid to manage your Memphis rental property and run your business (i.e. advertising, pest control, repairs and improvements, tenant screening, utilities, and more.)➡️ Property Taxes and InsuranceInvestors have to pay property taxes and insurance regularly.

All I wanted to do was to see the world, get an education, meet pretty girls and all that good stuff in the advertising!".

If I recall there are 16 categories, like advertising, auto, interest, taxes, repairs, supplies, etc.

@Russell Brazil, why would you say it's illegal when Private Investors, if they don't advertise as a Lender,  can loan out their own money I believe up to 5 times per year without a Lender Lic.?

The house is set up as a two over two.Tenants currently in place and would like to stay.Property cash flows nicely and the rents are below market value so there is a value add play there as well.Anyway the title report came back and the property is listed as a single family home and also is CO'd this way.However the property was advertised as a legal two family and the town assessor is currently taxing the property as a two family.Two separate meters as well.Everyone involved including my attorney, agent, etc seem to not have the answers for me.There are no rental permits on the property either which are required in this town.Seems to be a lot of mixed information that has me considering to pull out of the deal.Anyone have any experience with this?

Even if you start out wholesaling you still need capital for advertising and marketing.

Now I list the 3-d tour link everywhere I advertise.

I'm interested in using bandit signs to advertise as a real estate agent.

I know in MS they will come right to the counter.. that is the definitive way to answer your question. almost all states have laws against selling Real estate without a license.. and so what folks fall back on it.. assigning a contract.. but to do so your not suppose to advertise the house in any way just a contract and that makes it hard to do. you would need your buyers lined up so you don't have to advertise .... but to tie up a home that you can't close on and put it on craigs list.. is probably a violation. 

Great points, Jay, my background is in marketing and running an advertising agency (lot's of account management).