@Derek ScottYou may be converting some income that is not subject to SE tax to subject to SE tax.There may be some benefits of doing so.

If you're seeking out a property to improve and re-sell for profit, that's ordinary income tax subject to SE tax as well. 

It's right above Loyal Legion (710 SE 6th Ave).

@Charlie MacPherson The statute cited is identical in many respects to the Maryland RE brokerage statutory framework and sorry, I disagree with your conclusion that wholesaling is illegal per se in any state that uses this and similar language.

The SE would need as-built drawings of how the structure was constructed.

I don’t think it matters how you are holding title....personal, llc, Corp, etc.I figured I can't get away from Death and Taxes I guess.... but I was hoping to find a smarter more creative play to lessen the blow, perhaps reduce SE Taxes at the very least.Not sure I agree about your comment that it doesn't matter how I hold title...  

Vacancy in the area isn’t too high per se.

SDC fees in my Airbnb in inner SE Portland cost 25k.

Harris Ranch in SE Boise is building townhomes, multifamily, etc. and there are several infill projects all around. 

now they build in SE Asia as well as Honolulu and well you can imagine.. they are used to making 5 to 10 million per deal..