AND I did the thing we all read about, as far as getting multiple quotes for insurance and everything, went to move forward with the best one, State Farm, and we find out that we can’t get a policy due to having made a personal articles claim less than three years ago (was probably almost 3 years ago.)Now this was my business partners who made that claim.

Start-up costs are also deductible but are amortized over 15 years with a limit of 5k.Start-up costs have strict rules and your case might not be the same as this one.Case Summary:Timeline line of eventsStarted investigating property: FebPut first contract (canceled): MayBought first property: December 30thWhether a taxpayer is engaged in a trade or business is determined using a facts and circumstances test under which courts have focused on the following three factors that indicate the existence of a trade or business:Whether the taxpayer undertook the activity intending to earn a profit;Whether the taxpayer is regularly and actively involved in the activity; andWhether the taxpayer's activity has actually commenced.On the basis investor testimony, we may assume that he undertook this activity to make a profit and that he regularly and actively engaged in it.

I've purchased a few units online and they don't require any sort of licensing. 

Purchase price: $175,000 Cash invested: $90,000This was one of the hardest renovations we have completed to date, the house was very neglected for over 30 years.

Seller is offering 5% interest only financing with a balloon payment at the end of 3 years with ~1/3 of purchase price down.

., I think yearly makes the most sense. 1.

Or figure out how projects are developed and get one "most of the way" (land leased, site planned, permitted, power purchase agreement signed) and then sell the deal to a big developer.My perspective: My W2 for the last 8 years is environmental and development consulting for oil & gas, renewables generation, transmission, and commercial RE development.

I started with BP in 2005, upgaded to pro 2007, Featured Agent 2 years ago. 

I have lived OOS for 10 years and fly in maybe on avg twice a year and thats just to " take care " of my guys. 

Don’t change year over year trying to manipulate your taxes.