@Aaron DesimoneI bet the 2 houses share the same septic tank. 

This condition has probably existed for many years and I bet neither the fence or shed are permitted installations.

I'm trying to do my own taxes and want to know if I provide anything on this year's return about my flip-in-progress's cost in 2016 (even though it's not sold yet but I purchased it and had many expenses in 2016) or I wait and report everything at once (basis cost and profit made) on the return for year it's sold.  

ARV - $165,000Estimated Rehab - $26,500Purchase - $90,500Expected Profit (as Flip) - $19,267.71Expected Rent - $1,500/monthI picked up this 4/2.5 house in Selma (just outside San Antonio, TX), and figured I'd start a Deal Diary to track the progress and ask questions.

I'm in Florida but your best bet would be to always contact a title/closing agency.

You bet.

Your best bet is to work with a wholesaler and/or make sure you are only going to the Sheriff's auctions for worthwhile properties. 

Then you inspect house, if no major damage and all the junks gone give the the $$$ and change the locks as she walks out the door..The cost of eviction is about $350 if would bet and you'll lose time during the process.. so get paperwork ready to file the day after she hasn't left if she doesn't leave..

Let me know how it progresses.

I've concluded that a LLC taxed as a C-corp is my best bet.