(Not including material, No moving of pipes, just replace tub, toilet, vanity, tile shower wall and floor)

Still have a great job for a great company (recently promoted even) but I have come to the realization that I'm working my hiney off to make someone else financially free instead of "minding MY business".

@Bruce Mackay Then what you need is a LOI (letter of intent) or MOU (memorandum of understanding) that spells out the material terms which are not subject to re-negotiation later but which letter/memo is non-binding until a final agreement is signed. 

And to promote it, they promised the 1st five properties they auction off they promise not to set a reserve price, or bid on it themselves.

For SEP and qualified plans, net earnings from self­employment is your gross income from your trade or business (provided your personal services are a material income­ producing factor) minus allowable business deductions To learn more about self-employment income rules, see the following. https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center

They have unique materials and prices are competitive. 

How much does it cost on a per unit basis, including, labor, materials, W/D units, etc.? 

I'm keen on utilizing social media, and I'm sure that it can be done without paid for promotions. 

With that being said, since it is local to you, and you apply their 20% discount which will start being promoted in January, you might want to just "be there" and start to learn what you need to know to advance in this space.Bob

I didn't read this to ensure its accuracy but it certainly looks to be from a credible source. https://www.irs.gov/pub/irs-utl/33-Real%20Estate%2...Cliff Notes:Real Estate Professional Qualification • Material participation in each specific rental • Material participation in separate Real Property Trade or business • 50% rule • 750 hours rule • 5% ownership ruleReal Estate Trade or Business Defined IRC Sec. 469(c)(7)(C) Any Real Property: • Development or redevelopment; • Construction or reconstruction; • Acquisition and/or conversion; • Rental Activity that is not a Passive Activity; • Property management; • Brokerage activities.Example 1: Laura owns 5% or more of a real estate sales office • Works full time as a broker • She owns 3 rental properties and: • She finds the tenants; • Approves tenants and leases; • Approves and oversees repairs & improvements • Net rental losses are $31,000 and her modified AGI is $160,000 before the losses • Deduct the full $31,000 in the current tax yearExample 2: John acquires old homes and contracts 3rd parties to renovate and ready for resale.