@Sajan JivaCPA license is a state designation.From a tax perspective - a CPA who lives in NY is not breaking any laws or codes for filing a tax return or providing tax strategies to those who live outside of New York.from an audit perspective - A CPA may be limited in signing assurance/audit related documents to the state that he practices in.You should be eligible to write off the items you mentioned.

The juice usually isn't worth the squeeze in situations like this, and the added professional liability, administrative hassle, and paperwork might not be worth it.And remember - Your broker gets his or her usual cut (based on what your agreement with them says), so it may not be worth your time either.

I understand I’m going to make mistakes I just want to limit them as much as possible and try to limit the impact of those mistakes.

There is no 750K mortgage limit or the 10K for state and property tax limitation on an investment property.

If you are just getting started with limited cash, I would concentrate on learning these alternative methods.

They have been slumming, they are hitting rock bottom financially and repairs are reaching the point of being a real liability, or the reaper is calling and they need to exit asap in their old age.. normally all the above!

We do have county sewer service but it is limited, for now, to the towns.

Does anyone know of any more potential limitations that may make it too difficult to do business in some states.

Or he may take the cash and assume the tax liability for his sale.

Delayed financing will get you good rates but you're limited to purchase price