@Johnny SmithSame boat and we carry them over to future years.

Always account for the costs of upcoming capital expenditure items in your purchase price.

My only guess is your CPA is thinking this is a rental, where you can depreciate certain items, and expense others against "this years" income.  

We're currently looking for ways to streamline supplies for cleaners (toiletries, towels, item replacements) and handle small handyman issues.

You can definitely still write off mileage and many other items on your taxes without being in an LLC.

Once the option period is up, cancellation would only be for items specifically named as contingencies, such as financing.   

I have one in NE FLorida, he used to own 300 doors, I call him and run my deals by him, I am hoping to get smarter about deals and have him point out items to me SO THAT he can manage them for me, he manages 20 doors now instead of owning.

As we sell through these items should we create a bank account with the llc to "season" the capital for when we are ready to reach out to a lender when we are ready to make our first investment?  

This allows you to make an offer without a HI contingency which is much more competitive than one with the contingency since you are buying the property as is.You can still get the home inspection after you settle to capture all of the detail items.

It is now a negotiable item.