Directly held real estate is generally not classified as a security.

- Is there any impact on classifying this gain since the property was sold on gross loss of $140K   ( $4,660K(sp) - $4,800K(pp) )?   

You can use a home address but you have to choose a business type , SIC Code that would justify it being ran from home. 

Read up on boat and RV storage a 20-25 x 45 or 50 brings a premium rent (no heat, insulated ceiling only) I believe these are classified S-1 (unheated storage). 

We’re classifying the neighborhood as a B-.Thanks all!

Most inventory there would be classified in the B neighborhood range.  

Even though I know what they were proposing was absolute garbage, make $115,000 your first flip and we have a classified lists of (R.E.O's), I was enticed and charmed like a snake and a flute.  

That being said, those numbers are outrageous and I would generally classify them as outliers.In fact, when I see projections like that I normally run the opposite direction, but yours appear to be actual results!

That would classify as SPAM so its not something you could legally do.

Even though large multi-family properties are often called "commercial," the IRS classifies them as "residential" as that's their main purpose.