I am based in Las Vegas and looking to purchase a home by the end of the year.

Mink,I would advise using a Fannie Mae 5% down program to avoid the FHA up front UFMIP finance charge. 

I spoke with a lawyer that works with Insurance and said that they can open up a claim for me and I don’t have to pay anything upfront.

All other expenses that were before you had the property ready for rent would be considered start-up costs and would have to be amortized over 15 years, but there is an exception that would allow you to deduct up to $5,000 in the first year under IRC 195(b).

Cause I just thought that it would work by me buying 2.5 acres of land in Arizona and finding a solar farming company or someone to rent my land for Solar Farming... how does it work I’m so confused LOL ... and can you really make up to $50,000 a month by solar farming ?

The reservoir offers boating and Pueblo could be a home base for visiting the Sand Dunes. 

I’ve saved up a bit of capital during high school and my plan is to keep building it while I’m in college and start investing quickly.

I've watched so many BP videos and not once has filing quarterly come up as opposed to annually..   

., landscaping, parking areas, lighting) can often be depreciated faster than the building structure itself.

Typically the suit amount is based on damages to the plaintiff, not the assets of the defendant.You can also note, typically no lawyer wants to wait for an LLC to liquidate to get paid.