Should we expect any tax advantage or disadvantage for 2016 if we purchased a buy-and-hold rental property that was never rented (never produced an income) until 2017? 

Beyond that, it is just different degrees of advantageous or disadvantageous situations acted upon with or without knowledge, meaning that the word "mistake" is a judgement call.

I have come across this FHA 203k loan and it sounds too good to be true (The bank buys the home and pays the construction costs).Any help on this subject would be extremely helpful.I know how saturated the North Jersey market is and without buying homes in all cash I have a disadvantage.

Both have advantages and disadvantages.

I went into a credit union but they don't count rent which is a big disadvantage.

Here are some of my thoughts on the advantages/disadvantages of the full size cabinet:Advantages:1) Increased storage for a small kitchen (7'x10.5')2) Uniform cabinet length (more aesthetically appealing)3) Uniform cabinet length allows for the under-cabinet lightingDisadvantages:1) When using sink, your face is right up against cabinetThe condo will be used as a rental sometime next year so I am more so worried about what tenants would appreciate more.

If they are serving as a dual agent they can only relay the information between both parties but can not reveal to you information that may put the seller at a disadvantage.

You'll be at a competitive disadvantage to those with the education for many of the reasons already stated.

The disadvantage is that you are prohibited from advertising and can only take investors with which you have a substantial pre-existing relationship.

Are there any advantages/disadvantages to buying directly from the owner?