Occasionally we will get some crazy items returned on an inspection that we will balk at, but for the most part I would say that inspections catch rather mundane items and are usually easy to correct.They should always be encouraging you to get one, they should help to get a full inspection done even with a resident in place and they should be willing to fix most items within reason as rarely are there any crazy items that come up.  

You must use 1099 forms designated and approved by the IRS available from stationery or office supplies stores, or follow its procedures for filing electronically.

Tread carefully my friend...you may be missing some major items.

I used to digitize it and throw away the paperwork, but have started storing the actual papers.

The way to finance closing costs is offer aggressively and with FHA you can ask the Seller to pay up to 6% of the sale price for your closing costs & prepaid items like an entire first years worth of home insurance, attorney fee etc.

They are depreciated just like any other item on a tax return.

Typical expenses of a property are: taxes, utilities, maintenance expenses, capital expenditures (big ticket items like roof, boiler replacement, etc.) and insurance.

You want a place for cutting, keeping tools, etc. without worrying about stepping over things or getting your personal items dusty.Hire contractors with good recommendations.  

I'm looking at a building Jersey City that has two apartment (one that I would occupy for a year to meet the FHA requirement) and a store front.

I mean EVERYTHING; clothes in the closet still with new tags, unused kitchen items, tons of childrens clothes, furniture, etc. etc. etc..