To state this precisely: The rule does not incorporate any exceptions for businesses based on their form of organization.

Should I steer clear of these deals or is there a way to just incorporate that into the wholesaling equation??

I work in corporate America and graduated law school last year.

If it is a slab floor, I would install the least expensive ceramic I could find.

It's the blue print you'll need to really evaluate the property and confirm your approach and price.I think following the valuation analysis, you'll want to incorporate it into a broader business plan that you can present to the owner, outlining the deal details and how you plan to be  successful.  

@Ken BadziakThe whole UBIT thing may not make it worth it if you want to incorporate debt financing.

Now that I am an investor, I see why, I have always paid rent on time, don't annoy neighbors, and only reach out to my landlord for real issues.I have however lived in corporate owned large apartment buildings, where I got hit with huge rent increases at lease end.  

Total contract price, payment schedule, time of completion, make sure all change orders are in writing and include additional amount, make sure GC is licensed and insured, make sure all of their subs are licensed and insured, make sure that all items are completed to code, make sure that materials are specified (ie marble, ceramic, travetine, etc...) 

I prefer paper for pension accounts and shut down my Mother's modest account after her death, but this was specific to my own tax and estate planning objectives.I'd be careful to incorporate advice you get on a free public forum.

@Oscar FreimanIt is worth noting that retirement accounts can only incorporate non-recourse loans.