Take the work ethic of the MLB and apply it, you'll be successful 

New tax rules are at the core of President Biden’s ambitious economic plan, “American Families Plan” that calls for $1.8 trillion in spending and tax-credits for provisions, The most prominent impact of the plan on real estate is the treatment of capital gains.

However I see that if you can structure this deal correctly you can qualify for a long time capital gain.Tips to get capital gain treatment on the sale: A) If you have actual investment property and you are dealer: -Maintain separate book-Document intent to hold the property as investment property in Minutes or other document-Report expense as investment expense on tax return-Also use separate entities.Using controlled entity to get capital treatment on land:-it is important that the sales price reflect the property's actual FMV at the time of sale. the formalities of a sale must be observed.

What would be the tax treatment of this sale?

To clean the floor  we used 3 stages of chemical treatment and enzyme treatment .

Respect for your work ethic and goals.

Maybe Im misreading things but if what I think is true happened, you are the reason people hate landlords so much.Legally (and ethically) you have to return the money.

The problem is that the seller is represented by a Realtor, and I also am a Realtor.I just want to make sure that I don't get my self into any ethical issues with discussing the furnishings and then if I ask for repairs.My intentions were to let the listing agent know that I was going to call and discuss the contents of the home, and then based on those conversations ask for repairs, if any.Any insight on how best to handle this situation would be greatly appreciated.

Here is where my ethical question comes along. 

However, I have found that typically a PE license validates good ethics and commands more respect from peers which may open doors in REI.