Receiving rent while starting the rehab doesn't affect the ability to deduct these expenses, but you cannot deduct them all at once.

I can risk assess every individual based on their background, It is screening 101.Thankfully other peoples moral outrage does not interfere with my ability to successfully operate a minimum risk business within the boundaries of the law.Bottom line is laws are never ridged. 

Philly always had the ability to become a great city; but the people who are elected just hurt the hand that feeds it. 

Low down payment is a significant part of your criteria, Michael, and it obviously fits your personal needs, wants, financial position, goals….But for myself, for instance, ability to pay a low dp is of absolutely no importance.  

I haven't been able to secure the SBA funding on my own so I questions his ability to do so.My question is whether or not this is normal. 

You will also have the ability to refinance the new purchase easily with a delayed purchase refinance (You can price these as a rate and term refinance), if you plan on only refinancing the purchase price + cost of improvements. 

Without the ability to obtain a loan / financing - the next steps will be harder to accomplish

And yes, non-tax considerations matter as well, such as your ability to borrow money or your student loans.

This is appealing for short-to-medium term gains, especially if you’re confident in your ability to refinance or sell in 15 years.

The manager's ability to do actual marketing or help in that department outside of just posting is a problem owners don't know they have.