BUT, I've yet to find a cohesive "formula" or "rule of thumb" for weighting these factors and determining profit share.

@Roger Casanas send an e-mail to [email protected] and they will get the ban lifted.

Seventy pounds is nothing to a professional investor, we lift the weight of the world everyday. 

The transfer should be a credit to the bank account, but the debit should be to Loan Payable for the principal amount and interest, and the rest to insurance and taxes.The LLC is a disregarded entity for IRS purposes and uses the owner's Social Security number to report on Schedule E, page one.

So my advice isn't just Baytown against itself, or Houston, as much as it is in general weighted against all options.

I'd use a Schedule E for my tax return listing this condo property on its own page.I believe we (in Indiana) are a community property State. 

This loss is designated as non-passive loss in Schedule E and hence deductible from ordinary income (W2, 1099B stock sale, etc).I see no state returns simply because of no income as well as the losses being non-passive and hence deductible from ordinary income.How is your CPA suggesting to track the passive losses without filing for state return?

(e) Unaccepted, recorded, irrevocable offers of dedication of the property to the public or a public entity for a public purpose, and recorded options of any taxing agency to purchase the property or any interest therein for a public purpose.

A few weeks later I was notified by e-mail that they had a new minimum price and offered it to me with 24 hours to accept before being relisted.

But now, you have the information to go out and close deal after deal (as long as you have enough grind and perseverance to stick with it - just like going to the gym with goals of losing weight and gaining muscle).