I have a lot of examples but some of them are things such as; the contractor using cheaper materials, do not follow building code, and/or producing a lower quality product.

Throw in $1k for title fees, another $600 in lender fees (again, I'm guessing this is all cheaper in TN), oh look now we're at 20%.

It is my understanding that if the property is owned by an LLC, then the profit is reduced by an additional 20% before it passes thru to the members personal income. in effect, only 80% of your income is taxable... unless I am missing something.

They can allege whatever they want, at no cost to them, and it may be cheaper to settle than fight it.  

or like down in the deep south were they pretty much just use feller bunchers camp run prices should be cheaper.. a lot of our ground here the topography won't allow mechanical logging.

Water is cheaper than frozen/bust pipes.

My initial plan is buying out of state where it is cheaper.

I've discovered - for the pink fluffy batt insulation anyway - that you can hire a company to provide and install the insulation cheaper than you can buy the insulation yourself.

I am claiming that revenue as taxable income and am wondering if I am able to also claim a percentage of all of the expenses tied to the property?

I'd imagine this would be cheaper than a lending club.com loan or HML.... but both are surely options!