I had that sucker signed and earnest money at title asap, seller got another offer at 78k after I literally dropped off contract and earnest money.

I literally run everything through it and let my Accountant figure out what I can write off.My goal every year is to make $1k a day and show no profits on my books at the end of the year.

It is literally a thorough step by step process of doing this. 

The city is pretty close to fully built out and there is literally not much land for growth.

Crocket I worked on one.. but there are literally a million of these through out CA.

If you find a smoking hot deal, literally the worst case scenario is that you have to pay to get out of your lease early and/or pay out the last few months of your lease while you don't live there.  

I recently purchased a property in a foreclosure that I could literally profit up to 80k or more.

Sure you may save a grand here and there, but you literally face losing everything.

She literally thought I was crazy when I told her I wanted to start investing in RE.3.Understand the numbers to realize the upside of a deal.

The answer is: Tax wise, it literally makes NO DIFFERENCE.