It is a brick and mortar office. 

.⚾ Franklin Yards-Gastonia- A $26M, 5,000-seat multi-purpose sports and entertainment venue, with future plans for residential, retail, and office spaces.🍽 Food Hall-Gastonia-Gaston County’s first food hall is in the works!

How does acquiring compare to renting a small office or sharing office space with another business in that market?

Establish what type of commercial real estate interests you most—retail, office, industrial, or multifamily—and develop a plan around that.

We always advise our investors on verifying with the lender or us reaching out to the tax assessor's office to get a good idea of what the taxes are.

Financing might be a challenge.I would recommend consulting with a attorney, loan officer, and CPA to discuss your specific situation and determine the best course of action. 

Does that qualify for a home office tax exemption?

Selling to an entity you own and renting from yourself looks like a tax dodge to the IRS, and they’ll likely reject it.Better AlternativesIf you’re looking to maximize deductions, consider more straightforward strategies like:Renting out part of your home (like a basement or room) while still living there.Keeping clear records of home office expenses if you work from home.Investing in other rental properties that aren’t your primary residence.Michael Plaks explained it really well in his response.

I have my offices for our restaurants/real estate in the fourth unit, since it was a commercial space.

Managing self-employment income requires tracking eligible deductions like business expenses, home office use, and retirement contributions.