I have rentals class C to C+ rentals, holding out for a 650 fico would often mean more vacancy and lower rent, so I elect to be more flexible, and probably take on greater loss risks than you do.

Based on what you've described it sounds like you will have to capitalize your 2017 expenses to the basis of your property. 

I am trying to learn more about tax liens here in Franklin County but not sure if that is the way to go (the process seems like it is geared toward those that have the capital to buy up bundles).I recently heard a pocast about BRRRR on BP and it sounded like a good strategy for the central Ohio area.  

@David Huynh Generally, expenses incurred to facilitate the purchase of real property are capitalized to the basis of that property. 

Long term I'd like to buy and hold rental properties and as my capital base expands I'd like to get into commercial properties. 

What route do you think makes more sense to bring together private capital for flips?

If not then you include language to cover potential losses. 60 days notice (also usually in codes) one months rent penalty etc.There are a few major problems with lease break language.

I don't plan to tap retirement cash for 30 years and have liquid capital outside my SEP.Has anyone lent anyone money from their SEP IRA?

does this apply even if reported net loss in my federal filing after accounting for mortgage interest, depreciation and  expenses for maintainence and when acquiring the propertyi didnt file a city of cleveland return nor state as there was no net income

@Mohamed Nagoor , There is no capital gain treatment for flipping the house.