His whole business seems shady as all get up.

That will dramatically change the nature of the wholesaling business with the legal compliance factor that agents need to comply with.

Yes, but that's our whole business model, so it's not terribly surprising to us. :)You're in the right forum to learn about MTRs.

Income from a trade or business where a taxpayer doesn’t materially participate.2.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

.- Be Transparent in Your DealsHonesty goes a long way in this business.

Its generally retail medical operators, so we include things like the market dynamics for our use and why statistically the market and location of the site will be viable form a business case standpoint, and speak to how the startup has enlisted the help of an EMR or other such consultant to help in their general rampup and ability to bill/get insurance contracts.  

So if those three units are 75% of the square footage then 75% of the closing costs and mortgage interest and taxes would be considered business expenses.

Quote from @Lorraine Hadden: My business partner and I made an offer on an out-of-state (OOS) single family property in October 2024.

and NO, I am not part of the 99 percent of bad wholesalers who will be out of business as you implied because I have a huge network of direct buyers.