Like any trade, you need to get a few quotes, ask what they specialize in, and see if you are a good fit.

Qualification Tests Overview:50% Test: Real estate professionals must dedicate over half of their annual working time to a "real property trade or business."

I’ve seen vague listing descriptions where either the listing agent didn’t verify that fact or they were purposefully misleading by marketing those STRs as if the permit could be transferred to a new buyer.I certainly wish they could because it would help increase value of my home being able to sell the permit with it when I was ready to trade up.Hope this helps Andre!

They are usually good with their trade, but poor with their communication and with their business practices. 

Eventually, they will exchange their SFRs and trade up into multi-families as their SFR portfolio grows in value.  

He’s probably going to end up going to a trade school, get a real estate license, work with a local contractor to become a building contractor.What are your thoughts about buying a property early in your life?

It will firm up quotes from the subcontractors, make your contracts much stronger  and also make the project move far smoother with better communication between the trades and reduce the risk of change orders. 

He’s probably going to end up going to a trade school, get a real estate license, work with a local contractor to become a building contractor.What are your thoughts about buying a property early in your life?

More than 50% test.You must have spent more than 50% of your working time during the tax year performing personal services for a real property trade or business.

Your position is that setting up a multi-member LLC is more expensive than a trust...lolYou're totally missing the point because you're looking through the narrow lenses of your trade.