Except as provided in paragraph (f)(2)(ii) of this section (relating to inherently facilitative amounts), an amount paid by the taxpayer in the process of investigating or otherwise pursuing the acquisition of real property does not facilitate the acquisition if it relates to activities performed in the process of determining whether to acquire real property and which real property to acquire.B) Acquisitions of real and personal property in a single transaction.

Ignoring your tax debt can lead to further complications.Be prepared for potential consequences: Filing an amended return might trigger the IRS to investigate your tax situation further.

You may want to do more investigation for your town.

My group paid a Private Investigator to find people.

Our investing goals include making our first deal, making more and more deals until we have a better understanding of what we are doing and then continuing to make deals until we have a net annual income of $100,000 or more.I have done a lot of reading and investigating but I will eagerly welcome any advice that I can get.

Also, EA will require a lot more investigating.

I was investigating 3 different smaller town areas that have lower medium sales prices. 

Once things settle down for me I will investigate moving forward - until then I welcome anyone to pick up and run with something along these lines.

Another good thing about this site is that it provides the SQ FT for the bottom floor of the house (most houses in my area are single floor houses) and the tax information, so I do not have to do much investigation to determine the tax liability of a property.

I would recommend investigating the "corporate credit" angle.