We did the cost seg year one so all the tricky accounting is out of the way.

So, what's the actual CapEx? 

So we “verbally” said ok to few more days.

Hi my name is Anthony and I’m looking to buy rental property I’m new to this so I’m open to any suggestions advise thanks 

Being so, there are some very nice areas, as well as some C/D class neighborhoods. 

I'd gotten an on-market property under contract, but I found out it had massive foundation issues so I decided to assign it.

Ah I see that makes more sense, so it's more of a multi-family building?

We are interested in Mobile County and the Huntsville area.We are from CT, so we are requesting your assistance in finding ~  a good Alabama real estate attorney, and ~  interested investors for quick flips (initially)  We welcome advice and feedback to increase our knowledge of this state and those counties.I appreciate it!

So they just sheetrock over it....tape...bed...texture. 

I would think I'm small potatoes for them and the form 3115 is so ridiculously thorough that i think it all but negates audit but we shall see :).I will report back when/if i get it and what the timeline was/is, I was holding out hope that someone had some information on this but its been crickets.