I just downloaded the Home and Business 2018 version.My question is:  How do I record what will later be tax deductions as common expenses? 

But getting rid of a tenant with a valid lease isn’t exactly a realistic scenario, either.

Legal conversation starts with examining the answer to why you believe you do not want to purchase the property with your relative as a tenants in common as individuals or in an LLC. 

The 50/50 situation is less risky to you than the debt partner scenario.

It is common to have the FHA appraisal flag small items, peeling paint, correct, re-appraise, and purchase. 

Hard Money is the most common form of lending for flipping houses. 

Also when making the offer make sure you plan for the worst case scenario on the repairs and the ARV.

Because I'd already crunched the numbers on this unusual scenario. 

I have a hard time believing the condensation on the duct work is so severe it is causing a leak as opposed to simply making the drywall wet on the inside, but I suppose it is possible and maybe in GA that is more common than I would think.

It's not common that's for sure.