•Filing Form 3115: Instead of amending each prior year’s tax return, you can file Form 3115 (Application for Change in Accounting Method).

Nonpassive income: Real Estate Professionals, STRs and K1s from businesses where you have hands-on involvement aka material participation.Each group has its own rules, and generally they cannot offset one another.

It seems like you enjoy being active and using your hands so maybe the BRRRR method (buy, rehab, rent, refinance, repeat) is your best bet as you could save some money and do plenty on your own, you could also do a live in flip potentially and sell it or rent it out later.

Quote from @Gavin Gainey: Wise investors are slow and methodical.

Best regards,Zach RumfieldZachWelcomeReach out to us and let us know what you are to focus on and we can send some info re the law and title side of things -- we have info on all investing methods and tips, tricks and pitfalls to watch for in all areas of investing Thanks Alan

Infact, I personally dont like the model where the property needs to be exited in 4-6 years to be able to realize PnL for all parties involved.

For a single family home the size and scope you're describing, I wouldn't involve an architect unless you're looking for end-to-end project management.   

Without a VERY good and valid reason, it may be fraud.You may want to get an attorney involved and/or the appropriate state board.

The purpose of the CPL is to expand coverage beyond the commitment/policy and beyond the title insurer itself to others involved in the process (title agents)... your scenario.Quick search -- https://houston.fntic.com/getattachment/6efdc91c-3146-46bc-a...I was saying start the analysis there as that would seem be the simplest route to recovery.

Locally in PA, im just involved with commercial real estate.