It has numerous issues that would put most, but not all, people off.

If its negative, it adds to numerator.

Can you say patchwork quilt.The other idea was to "glue down" the shingles that had been lifted.Second, the mobile home was fine and had folks living in it just before the hurricane and had experienced numerous major thunderstorms with no problems.

This deal delayed for numerous reasons, but now is nearing completion.  

We think it might be the cause of this wetness.

So you will need some source of money to close the AB transaction.Also, you're going to hear terms like "double close", "simultaneous close", "wet close", "dry close", etc.

As far as your biggest question goes, how to find the deal, there are numerous ways.

I was thinking of starting my s-corp (out of NV to do business in CA and eventually NV) and then get my feet wet by bird dogging (a few guys at the REIA told me their criteria).

I would like to focus on a few, quick-ish flips (minor cosmetics) to get my feet wet with a longer term strategy of moving towards rentals and buy & hold.Now What?

I think I have managed to wade through numerous threads and postings on other sites about the ins and outs of deducting vs depreciating costs associated with putting my property into service.My understanding is that any and all costs...even if they would typically be deductible repairs were my unit to be currently rented or in-between renters must be rolled into the basis of my purchase and subsequently depreciated.