As all of the materials associated with this project will be incorporated into Real property, this project should not qualify for that exception.

5) What is the cost of removing the 2nd "ADU" and incorporating it into one of the other units?

If you incorporate or form an LLC you will increase your legal protection, lower your audit risk and probably save self-employment taxes.

I'm 30 and graduated with my DPT 5 years ago, my wife has degrees in graphics design and english and is working at a newspaper currently.We are currently finishing up a DIY remodel we have been working on for around two years (We have done probably 80% ourselves and almost all of the finish work).

Can anyone take me through an elaborate Step by Step Strategy to incorporate in my first endeavor at a wholesale deal...

Can anyone lead me to a link that could help me further wrap my head around how I could incorporate this method into my tool box of need be?

You must register to do business in a state with your LLC if you did not incorporate there. 

Everyone is different, but one of the hardest things I found was adapting to an unstructured life (working for myself, at home, as compared to decades in corporate life); it still is a challenge to an extent.I look forward to receiving your wholesale deals; I buy in Orange, Lake, Polk, Osecola and Seminole.Go forth and crush it!

Direct real estate offers higher returns when you incorporate all 5 returns.

Based on this discussion, it seems like it would be best to close my FIRST deal first and incorporate out of those funds...Is that typically what new wholesalers do?