As a beginner I would imagine an inspection period no shorter than 15 would be sufficient.

., decking/sheathing) were replaced, then the entire cost is likely a restoration - NO load-bearing elements were implicated, so this is N/A.3) If more than 40% of the insulation layer was replaced, it may be a restoration - NO insulation will be implicated, so this is N/A4) Did the Taxpayer claim a retirement loss for any portion of the old roof - NO, so this should be N/A5) Was the roof work performed because of other capital improvements - NO, so this should be N/AXX) Tentative Conclusion - this is NOT a RestorationI need to read the regulation closely to fully verify the above, but it seems as if their is sufficient basis for taking the position that a simple reshingling (and no more), can be expensed and not captialized.

This works even better for us because my wife has sufficient W2 income to qualify for the loan by herself.

We have sufficient funds to purchase the appartment in full and are unsure if this the best way to go forward.Any advice or information is welcome! 

With a rental agreement you should be able to refinance a good portion of the price and have bank statements to prove the property is producing sufficient NOI to support the projected debt service.

Do you have sufficient reserves to handle any unexpected repair?

The site alluded to the liens going to the next bidder if you do not have sufficient funds so I'm assuming you don't actually need the money in the bank account to make the bid (i understand you need the money at some point regardless or you will lose the privilege of bidding in future auctions). 2) when you make your bid and then foreclose on a property, you pay the remainder of taxes/penalties and the full bid price.

Alternatively, I can try to get a DSCR loan on a tri or quad that cash flows sufficiently to qualify for the loan.

In which case you'd have to budget sufficient resources to service the HML note during the rehab period.

I think the pay should be sufficient for them to truly care about the work they are doing (plus they have to actually care)