There are of course different ways of asking this and classifying this. 

I dont think you can classify this as shady as long as its disclosed up front. 

First I'd find a new accounting advisor that is honest, and second I'd discuss with them how to legally classify expenses that may be better for your refinance.

There have been additional changes but I haven't kept up since abandoning Washington a few years back.The caution is to know the laws of the area that you solicit and buy preforeclosures in.Also, Here's a post I did on Subject To that may helphttps://www.biggerpockets.com/forums/311/topics/1060320-using-subject-to-to-get-free-properties-a-quick-guidelinePay time for notorious foreclosure rescue scammerhttps://www.atg.wa.gov/news/ne...It's classified as "Equity Skimming"https://app.leg.wa.gov/RCW/def...RCW 61.34.030Criminal Penalty.Any person who wilfully engages in a pattern of equity skimming is guilty of a class B felony under RCW 9A.20.021.

Appraisers (I am one) are going to classify the house for condition and quality.

They are classified by the IRS as dealers rather than investors.

Capital gains and losses are classified as long-term or short term.If you hold the asset for more than one year, your capital gain or loss is long-term.

si=C...Always a continuing work in progress taking me one day and one step further in the journey to build an empire. 

Maybe in the Classified, but FB groups have a lot All the best 

@James MeyerAs a realtor you would be classified as self-employed and therefore eligible to sponsor a Solo 401(k) - assuming you do not own or control any other business that has employees.Your employee deferrals are capped at $23,000, or $30,500 if you are over age 50, across all plans you participate in.