Since this is a short-term flip, the IRS usually sees it as active income, but if your role is truly hands-off, there might be a way to treat it differently.Have you thought about how you’re structuring the deal?

Yes you can use commission as sourced funds for down payment on a conventional loan.However some lenders have internal overlays that don't allow it.

There are Different ways of structuring lease options.

Are there many REITs that currently regularly engage in this type of feeder based structuring for a investors?

Tax-Exempt Bonds: Tribes can issue tax-exempt bonds for certain types of developments, reducing financing costs.Challenges: Projects often need to be structured as joint ventures or leases with the tribe, and compliance with tribal laws and federal rules is critical.

The biggest cost variables are structural surprises, electrical/plumbing overhauls, and environmental hazards (asbestos, lead, etc.).

Multifamily is considered residential since people reside in the structure. it's part of contractors license law, our testing is on it and violating can and will result in punitive actions.

If you actually need to do permits on everything or just structural fixes and big items (I.e. roof, siding, windows, etc.).

Fast forward to today in January 2025:Mayor Johnston of Denver, who has now been in office about 1.5 years, announced that the city had completed a deal with Westside Investment Partners to essentially trade this 155-acre plot in the middle of the city, for a 145-acre plot that the city owned near the Denver International Airport. 

(i.e. initial decorating and painting, bookings, rate structures, marketing, bookkeeping housekeeping, etc)?