@Alfred C DunlapI will find it hard to believe that someone in H&R Block will be able to understand the wholesaling business that you are doing.I would instead look for an accountant/CPA who is a frequent contributor to the biggerpocket forums.It doesn't necessarily matter that you did not have any sales or revenue for you to start claiming expenses on your tax return.

@Shane R Smith  I didnt mean to sound harsh sorry if it came across that way. 

Welcome @Jeffery R Stensland!

My two cents on having a r/e license...

No ...landlords should pay to fix the roads the sidewalks theccity sewer system and surrounding failing infrastructure also ..after all we are just greedy out of town slumlords 

It is zoned R-2 however with in 500' of the property there are a few 3 and 4 units AND a big apartment complex. 

(read thier CC&R's and ask neighbors). 

when you're doing a BRRRR on a SFR it's going to go by your personal income.Basically your T/R average income, minus your credit report debt service. 

I called my software provider and they said they are still developing their system architecture for complete 199A input and reporting.I thought for purposes of the 199A calculation benefit you had to reduce porpotionately income generating activity amounts by loss generating activity amounts.

Any provided fire extinguishers, security alarm systems, and/or carbon monoxide detectors have also been inspected by the Tenant and are in sound working order.