My current business (where the 401K plan exists) is a single member LLC, w/Scorp election and in a field not related to real-estate .

But there is a rule on 750 hours in real estate activities that they materially participate AND 50% or more of your material participation in all businesses, along with material participation (subject to a grouping election for rental real estate).

That's what I meant when I said some people would characterize it as a lead gen issue, but I don't see it that way.

@Giovanni CardenasWith no disrespect meant, you're jumping in with both feet with no understanding of the process, contracts, etc.

Talk about meant to be.

Anyway I work with a lot of high net worth individuals and one of them came to me this week and asked for help selling his property and to me honest I thought he meant maybe a holiday home or something like that.

So, the same number (and income type) still shows up on your 1040...If you want to make it really complicated, your multi-member LLC, assuming you have a mult-member LLC, can elect to be taxed as a S Corp or C Corp. 

@Teresa Thomas I meant summer is 2021.....

Sorry, I meant that paying cash will probably give me slightly more bargaining power.

(Maybe that meant renting someone else's property?)