They were forced to sell the home, to incur costs of moving an entire household and to become renters for several years until they could recover from the financial burden associated with their son's chronic illness and death.To all who wish that government would protect them, I cite this example as I remind you  BE CAREFUL WHAT YOU WISH FOR,  YOU MIGHT GET IT

Any money spend in - on - for business can be deducted as long as you can prove it when time comes.

That is where you will spend at least 60% of your time.  

Money is not really an issue although I won't spend stupid money on it.

If they have a bad credit score and no bank account, I would not spend another second considering them.

What happens if you spend all this money on an attorney and then you find out its almost impossible to get a subject to in your area or that meats your criteria?

He might spend 2k to do a rehab after 1 year and only got $840 in rent for the home portion ( not lot).  

Just because you're qualified for a max loan amount of $60k doesn't mean you can just buy the house for $55k and spend the difference ($5k) on repairs.

My tenants have been wonderful so far and I haven't had to spend much time on it, but when a service call does happen, I often find myself not knowing which service provider to connect with. 

How much your trying to spend and how much you want to profit in your deal (15k, 20k,etc.)4.