What exit strategies they have employed and what is their niche in real estate.

Your CPA can do this but they must ensure they follow the IRS guidelines and either employ or act as an independent third-party certifier.Can I apply for this deduction regardless of how much I spent on upgrades on the building?

Profit from flips are taxed as active, ordinary income which includes self-employment tax (15.6%). 

You get that first paycheck and notice your employer automatically took out a portion of your salary and create you a brand-new 401K account.

Repairs and maintenance aren’t a big deal as we have folks employed that handle most of it.  

I once got references from someone who was 63 and all his references were from his past employer.

Her mother still lives at the house we’re buying and we want her to continue living there for many reasons, but a big reason being that we employ her as a nanny.  

Site and features make it a 10M parcel with gradual development in 10 years (could flip for 3-5M immediately with the right marketing)B) Standard downpayment (240k) 1.2 mil - house - rental income would be about 3500 initially, with ridiculous business potential (currently unrealized/undeveloped)This isn't a planned sale, and being self-employed I've maxed write-offs and minimized income so my income probably won't cover the mortgages needed in the bank's eyes.

It does not mean we can.If you have a W2 job which is part-time, let's say 25 hours per week, you will need to be able to have your employer confirm it in writing.

I highly recommend employing an experienced RE attorney to draw up these documents for you.