The treatment of insurance proceeds in tax returns depends on the specific circumstances of the case and the laws of the jurisdiction where the property is located.

Now one man's error is, as always, another man's problem.

We have saved thousands using amazon and wayfair for window treatments, light fixtures, bedding, etc...

You will have trial and error going this route. 

When I've used turbo tax for basic income in the past, I had minimal risk for errors.

When I see a newer rehab with what looks to be a beach treatment inside, it's a good bet it's someone's vacation home.I read further and see the note that furnishings can be sold.  

The truth is, you could read 100 books and still not know enough because certain things need to be learned through trial-and-error.

If he wants to sell why not list with an experienced realtor backed by a big name company and the seller would be protected by the state real estate commission and errors and omissions insurance of the broker?

This post is an error.

By definition, an acquisition loan will be on a property that is being purchased at exactly market price, so lender can be comfortable w/ value risk.For a Cash-Out Refinance - a value is determined by an independent appraisal, but at the end of the day its just an imperfect guess, making the deal riskier for the lender (risk made an error on a property overvalued by "expert" opinion).