IRS allows "any reasonable method", so as long as this is something that you are doing consistently and can defend as reasonable, you'd be fine.I do recommend that you engage with a real estate focused tax professional.  

Engage the services of a professional property manager.

Put yourself on extension for this year and engage with somebody else after April 18.  

I do have interests in virtual wholesaling as well, as I want to engage in real estate in other states too.My goal this year (hopefully in 6 months) is to become successful enough to work full-time in real estate (easier said than done, I know).

This can be simple once you learn the process, and it can be more enticing to sellers because they can end up with more money in their pockets.If you do decide to engage an attorney, it's important to find one with experience in real estate transactions.

She wanted me to have that money to buy a house for my engage wife and I ( yes she is amazing).

The board is very engaged in improving the community.

There are a ton of lenders out there with these “fix n flip” loan products but I’m apprehensive about engaging them since their terms seem pretty aggressive and we’re really looking to hold on to the property to cash in on the long term use of the space.I would love to hear any suggestions on how to run the financing on this bad boy…Initial purchase price - $160k (we’ve got HELOC funds for this but could go a different direction if it makes sense).Rehab on house - $150k (realistically more like. $100-$120k but playing it safe).ARV (on house alone) - $400k

Don't go engage in wars, play in the field less populated.

I would love to engage with other folks in the BP community in the Tuscon area, and look forward to interacting with all of you on the Forums!