Not sure if I should laugh or ask if the guy is okay...You can either laugh or cry, and this guy isn't worth shedding tears over. 

If you have experience investing in this area of the country and can shed some light and insight into taxes, insurance, Airbnb options (easy/hard/impossible), permits, flooding, other potential issues, etc., I'd be most grateful!

Just wondering if you guys would be interested in shedding a little light here and let me know what ideas you've got or tricks that have used for you!

This seems very incorrect to me as the property would be a capital asset with depreciation deductions taken over years, yet the agent insists that he is correct and that this is a common practice for RE pros.I trust the agent but just think he is ill-informed and/or missing further details regarding his proposal, though I am open to the possibility that I may be missing something as well.Can anyone shed any light to help bridge the gap here  ? 

I installed a big and very nice shed in the backyard to deal with the second issue. 

I've also considered building a 10x12 office/shed in the backyard so that it would be easier to find a house that worked.

In Toronto $150k may buy a shelf in a shed that stands in the corner of my backyard, right above the lawnmower :)Thank you in advance! 

I've added value to the property by painting, replacing light fixtures, multiple ceiling repairs, shower repair, replaced toilets and vanities, replaced wood rotten side door with glass door, demolished an old shed to create more yard space, a/c repair, Heat repair and more .

For depreciation on one of the properties, I was planning on separating/segregating carpet, floating LVP flooring, cabinets, dishwasher, microwave, oven, and a shed as separate assets from the building and using 100% bonus depreciation to deduct fully this first year.

Just to add...I'm fixing/flip in highly competitive Tampa Bay(Pasco/Pinellas) and one thing I've done that has shed light on what's happening when losing offers is that I've been keeping track of of each property from my offer to the actual sale.