Do a title review (Look for hidden liens, second liens, & tax liens.) 2.

They gave us instructions.

You should know the prices they list are the starting bids, and there's typically hidden minimum reserve prices way above the listed starting bid. 

Both condition were there already during his initial walk-through and it was not hidden in anyway. 

everyone is talking about cost segregation.............. until it reads the hidden caveats and disclosure section lol.So back to poster question: How to reduce Real Estate Income from rentals for Tax Purpose?

But make sure you find it all - you don't want to seal the place back up and have that smell re-emerge come summer/more humid months.1) tear it out down to the subfloor and/or the drywall down to the studs (snap a line at a 4' mark to waste less drywall)2) nightly ozone machine usage - READ THE INSTRUCTIONS - these things will kill any/all living things inside the house - plants, animals, you.

LOL.And I agree the information he presented is well for lack of better words pretty nonsensical as it relates to the industry.My Dad did use Holding agreements with Title companies in the 60's  were the title company would actually take title.. these are not done any more.. what it allowed for was  high volume sales programs so that all one had to do is send  escrow instructions signed by buyer and seller and title company deeded out. 

There can be exceptions for an (adverse material fact) that you could not easily have discovered on your own or was intentionally hidden by the seller.

It's simple to do and if you go to the state website, they have step by step instructions on the steps you need to take.

Thomas HickeyI found an article to put some ideas in your head to get started (Googled, not affiliated in any way):http://notequeen.com/10-hidden-secrets-for-turning...