I’m not looking for cash flow per se, but I’d like for the investment to justify taking out of my professionally managed stock portfolio which did 20% this year. 

Readers should seek professional advice.Thank you for your wonderful response, Ashish!

During his speech I researched his background and found out that he's a professional speaker hired by agencies to give presentations, and has no ties to RE.

Speaking from past experiences vetting the real estate professionals that you chose is paramount.

Readers should seek professional advice.

Readers should seek professional advice.

Real Estate Professional status and Trade/Business are two completely separate issues. 

The city's economic development initiatives have been attracting businesses and professionals, creating opportunities for real estate investment.

Consulting with a tax professional is advised to ensure compliance and proper handling of deadlines.This post does not create a CPA-Client relationship.

Quote from @Nathan Gesner: If I've said it once, I've said it a thousand times.Nathan, while what you state works 90%, when you reach a certain level you become a TARGET for predatory attorneys and professional plaintiffs.