I've not seen much of anything from wholesalers worth buying-- in fact many times they are promoting properties that failed to sell on the MLS and asking more than the former listing price.

@Lior GolanI am not recommending anything as first I am neither an attorney nor CPA, and second I am not privy to all the specifics of your situation.What I am stating is if your LLC is a single member LLC that is disregarded for tax purpose, your LLC has no federal tax return to file as it will be entered on your own personal tax return.Now in some state you may have some state filing requirements.I would suggest that you get in touch with a CPA and a lawyer to put in your team.

It's not a great time to buy for investment purposes, unless you have a ton of cash to help carry the property while it sits vacant.

Purposefully sabotaging your financing may lead to that.

I come to BP for entertaining purposes.

Can't wait on an attorney buyer wants to close ASAP and give the state of things I am not opposed, have a local title company i've used a number of times that can handle the close.Appreciate anyone that can send me a basic contract for these purposes.

For tax purposes, can I identify certain expenses out of the $200K and deduct them in 2019 as repairs?

I wrote the above for informational purposes.

My approach is plan for the worst and hope for the best.Is this the wake up call for most of America that living a consumerist lifestyle is not sustainable and that they need to serious change the way they manage money (or lack their of).They don't use budgets, they think promotions and raises is the answer to finally have a little extra money. 

The purpose of this assessment would be to weed out PITA tenants and other types of tenants that cost landlords time, money and sanity.