I suspect one of them is about adding a section (extra rooms, bathroom, extension to the basement) to the property (there is no description on the OPRA report, I plan to call the town to confirm).

The reason you can't deduct travel expense before identifying property is you report your every rental activity that you already own on schedule E.

And in general tip income is significantly under-reported.  

Just be careful that if it's on a property in your name (like your home), it will report to your personal credit.

Nothing about this was mentioned in the condition report.

Just go ahead and get a preapproval from their “preferred” lender...agents do this, as they should, simply because they know Their lender will do a Real preapproval....2 years tax returns, W-2’s bank statements , etc....unlike many who just run a credit report.

Or will you be covering that yourself- It's fairly simple to divide the proceeds so you each report them separately, but I am not a CPA and can't advise on the logistics. 

I do not know what my credit situation might be, but I want to pull the report and get with a banker and strategize what can I do, do I need to do to get into the best position down the line, for when I am actively ready to buy.5.

View report*This link comes directly from our calculators, based on information input by the member who posted.

View report*This link comes directly from our calculators, based on information input by the member who posted.