I've had some not happy when I have asked them to split it out.I've tried asking questions to the IRS customer service reps, and didn't have the best luck.While I cannot cite a specific official guidance on this issue, I consider debit cards exempt.

However, terms are negotiated specific to each project. 

We specialize in auction properties all over Ohio but specifically in cuyahoga county.

The tax treatment in such cases may vary depending on specific circumstances.

So to answer the question specifically no I would not buy a property that did not cash flow and only for tax basis.

Feel free to connect if you have any specific questions about, but this is the best general advise.

Consult you insurance broker for specifics but I found this policy to be very protective and reasonably priced.With regards to an umbrella policy they are typically good to have.  

What I decided to do was work in what I was interested in and it led me to be an experienced real estate agent specializing in wholesaling off market properties in PA region specifically Philadelphia and surrounding areas such as Montgo, Delco etc.

There are often local Facebook groups for specific strategies 

But...it appears this house has furnishings very specific to the house.