You need to analyze your finances to see how long you have to perform.If you have 100,000 saved up for example when you left your job to go into real estate full time and spend 5k a month to live on you have  about 1+ years before running out of money not closing anything and incurring business costs.Often people have little to nothing to start and are under capitalized for starting a business which is what you are doing.

Do not fall for the Nevada/Wyoming/Delaware/OtherFabulousState scam, you'll need to then register in two states and won't get the protection/savings that the salesperson promised you, because when you buy property in MA, then MA laws are the ones that matter.  

This could be from saving as well as money from private lenders, like friends and family. 

Even if it is too late to do any kind of major planning, perhaps the attorney can see if your cousin could save some money using certain tactics (e.g.

I got my license in New York North Carolina and Florida but before I did my first located the broker realtor who was willing to let me be under their wing but didn't need to have office hours I was only looking for access to the MLS and the other things I wasn't interested in selling I got my license in New York North Carolina in Florida but before I did I first located the broker realtor who was willing to let me be under their wing but didn't need to have office hours I was only looking for access to the MLS and the other things I wasn't interested in selling  The course in each state was only six weeks I believe  not sure if things of change since then it definitely helped me save me tens of thousands of dollars

We have the cash to cover it but would ultimately want to immediately free it up for the repair costs.

That is, you can capitalize it in your net purchase, as it was part of searching for the home you ultimately did buy.

How you ultimately financed it, upfront when you purchased it (or how you might refinance it later) is irrelevant.Just do a simple search on the internet for depreciating rental real estate property, you will find a virtually limitless number of sources that can explain basic depreciation mechanics - its not rocket science.

I didn't just see a year form now I'm thinking what I can do in five years, I didn't want to have nice things at the time because I know it will slow down to my goal which is become financial free. 3 years since I bought my first house I was able to save all the money that I made from the duplex and the house appreciated, so i was able to ask for an equity loan, and into my second home I put 20% down payment because that's the requirement for an investment property.

The move is in an effort to accelerate our ability to save capital (see Set for Life by Scott Trench) as we will be living with my parents rent free (we are currently renting for $2,000/mo in Orange).