What seems less likely is that the landlord (from herein referred to as "slumlord") will want to fix the minimum items necessary to allow the property to meet FHA guidelines.

Ifnyounearn more than $150k at your W2 job, your passive losses can not be deducted from your active income.

Repair Estimation/Budgeting - Ability to create detailed Scopes of Work & repair costs budgetsBudget Tracking - Ability to track your actual expenses against your initial budgetScheduling - Ability to create a project plan & track project progressChecklists/To Dos - Ability to track daily to-dos and checklists of items that need to be completedCalendars - Ideally all of your Schedules & To-Dos feed into a Calendar that you can use to manage all of your projects in one location.Document Management - Place to store project documents and photosHere are some Project Management tools that you might consider: Trello/Asana/Zoho Projects/Basecamp - General project management software that includes tasks, Gantt scheduling, calendars, project forums, document storage & team collaboration tools. 

If I don't do any transaction (b/c I cant win any clients ) after I get my license, can I deduct my 1.5-2k dues as QBD tax loss ?

Obviously I called the contractor and he said he didn’t see nor take nor misplaced item.

Hello I am a Contractor/Flipper this is a bit off topic but need help to protect myself we are doing work for a guy that is currently dying he has less than 2 Months to live we may not be finished for final check by then is there any thing I can do ahead of time to make sure I don't loss my final payment if he does pass?

However, depending on your Contingencies you may be able to position those items back in via addendum.

Based on our purchase price, even if we remove all items from the property including the existing mobile home, we would still be safe based on lot value and could sell it as is via cash, seller finance or even place another repo mobile home on the property and rent or seller finance for significantly more than we have in it.

So every year, you would show an additional loss of $360.

Because that's still their lease and the lease you are taking over, even if they are month-to-month.For example, on a month-to-month tenant, I can serve a 30-Day Notice to change an item(s) on our lease.