Okay, then it is a city requirement, has nothing to do with the short sale aspect.

You can enter everything you might need like initial purchase price and enter estimated repairs for pretty much every aspect of a house from new roof to foundation repairs and everything in between.

He claims to keep everything private to avoid lawsuits while running around the country telling everyone how much money he has.As I said before, he has lied about large and small things.

If I just replaced a roof for hail damage and insurance paid the full amount (they did not, there was a deductible) - does that negate the depreciable aspect of the capex?

For most of us they're not applicable and won't help us avoid frivolous suits.

We are currently trying to network and meet with people from all aspects of RE so we can become familiar!

The tax people will chime in I'm sure, but there is no way to avoid the tax hit on this flip as I understand it.

Trying to avoid that.

However, it focuses primarily on urban aspects and therefore the urban core neighborhoods. http://www.metrojacksonville.com/article/2013-apr-due-north-the-st-johns-river-is-one-of-manyhey whats up, jack?

First you can gift small amounts without tax liability, I suggest not more than $12K per person to avoid filing a gift tax.