@Jake Hottenrott - if @Michael Ndjondo makadi chose to form a business entity to do his investing through, and then traveled to find properties, would he then be able to deduct all those expenses?

The best coverage you can get for a vacant home in such a condition would be a DP1 policy which provides you with the most basic form of insurance coverage.

Person A and B would form an agreement in which Person B would get back the amount he invested plus a certain percentage.

We sent out revised emergency contact forms to all of our residents this year, asking for the name of the person who has permission to remove their belongings "in the event of prolonged absence from your apartment".They understood what we were asking.  

Or, form your own LLC and make sure that you LLC is also on the deed next to his.  

At least for me, so long as you stick to brick pattern or something simple, the subway tile install cost is the same for that or a 12x12.

It's barely NOW showing signs of life.I would love to have the owner finance the property for me, however, I haven't asked yet because I just assumed since the gentlemen is in the later stages of his life, he wouldn't want to carry a loan and would prefer the cash up front.

I decided that Jersey (still researching to find the best areas) offers a better opportunity for me to start my career.

Most clients (more often than not banks) will require the appraiser to do the assignment on the Fannie Mae 1025 form (https://www.fanniemae.com/content/guide_form/1025.pdf).

You issue the form and deduct his "share" as an expense.