Normal business expenses get deducted from your taxable income which lowers your tax liability because you incurred that expense for your business.

That is a normal business rule of thumb - namely the 50% rule.

Not looking for pie in the sky just what appears to be a twist on the FSBO under contrac and sold to a retail buyer at higher price than contract. 

What I mean is that it is normal for a LOC to change to a regular loan in 10 years.  

Hi @Varinder Kumar,Take whatever you are preapproved for using normal FHA, reduce that preapproved value by about 40%, tie it up in contract with a 60 day close for a purchase price at or below that reduced amount, and then go learn the nuances of 203k and decide if you want to do it or not during your inspection contingency period.

Something that wouldn't normally stay with the house.

But in order to succeed in life, be it real estate, normal job, or anything in between, the higher your Credibility Score the farther you will go.  

Normally you will need to find a property for 50-60% LTV for this to work.

I spoke with the property manager and she told me that is the normal time frame.  

Those were once in a lifetime pricing because it was a credit based recession, not a normal business cycle one.