I’m not sure how versed you are in doing taxes so Do your taxes yourself and give them to a few CPAs  to review and if nothing is better or if changes are made you will have a clear answer and it shouldn’t be that expensive. 

I know how many mistakes I have made here so no judgement please just advice and answer to the late fee question!

There are cash flowing deals to be made in these areas.

The TCJA made unfavorable changes for hobby related expenses.A lot of moving parts here that you're asking about.

Just reading this made me stress. 

He then calls in his licensed and insured subcontractors that specialize in their respective trade . the contractor supplies the customer with a contract , establishing pay schedules and an exact scope of work .

It made it so much easier (and cheaper) than going through probate.

The purchase is usually (but doesn't have to be) funded by a combination of a down payment from you and a bank loan made to the EAT but secured by you. 

I have no affiliation to the company that made the videos.)

My very first deal was a foreclosed mobile home for $4,500 that I sold for $20,000 - the best deal I have ever made profit vs. investment.Consume books, read posts, listen to podcasts.