The de minimis safe harbor rules (deducting tangible property costing $2,500 or less, $5,000 or less with an applicable financial statement) don't make a distinction between units being currently rented or under renovation as far as I know.

Anyone who can actually help you with useful advice, is probably financially well off, meaning their time is very valuable. 

Since I've started down the path to financial freedom, I have began to look at money differently .I've become more aware of the flow of money, and how it can be used as a tool to achieve my ultimate goal - and also the goal of many here - financial freedom.I have learned that when I buy a $5 sandwich, I haven't just exchanged $5 for a sandwich.

There is a BP podcast about a lady in denver who built a portfolio of condos in Denver due to the high cost of entry (https://www.biggerpockets.com/renewsblog/2016/07/14/bp-podcast-183achieving-financial-independence-rental-properties-sarah-pritchett/) . 

The new casino is already in financial trouble and will (IMO) fail within the next few years.

@Alex Price, sure my investing goal right now is simply to maximize cashflow and reach financial independence.

Demonstrated enthusiasm for real estate with a high degree of creativity, vision, and technical aptitudeHigh level of communication/critical thinking abilityInternship or work experience in real estate or finance industry preferredWork well in a team based environment with open communicationAbility to analyze financial statementssome of the other things asked to analyze financial statements.I have started reading but plan on taking principles of accounting for a short 3-week summer course for credibility. 

We don't always get along or agree, bit we respect each other.This is a long way of saying that instead of looking for a contractor who has the skills and the financial backing you might put a greater emphasis on someone who you can trust, respect, agree to disagree, etc.As for the listing, it sounds pretty easy -- especially in this market.  

The reality is they do it because they are either lazy investors or simply prefer to ware financial blinders.

Thank you again for the information, if I have further questions for you during the investigation I will certainly reach out.Best regards,Frances Hlawatsch | Financial InvestigatorState of Oregon - Real Estate AgencyI finally got tired of Is wholesaling IE assigning contracts and sending out blast emails on properties you have tied up but don't own.. legal in OREGONI then sent a copy to the state and the above is the response..