We both work as realtors, so we have some flex in our schedules.The downside is the investment of time it takes to manage projects, especially those that involve square footage additions or major reconstruction.

Hey John, to qualify as a real estate professional, you must provide more than one half of your total service (total hours worked in a year) in real property trades or business in which you materially participate, AND perform more than 750 hours of services during the tax year in real property business activities, which include: property development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage services. 

My wife is a surgeon and we hang out with a ton of cool docs. 

Good to know I have a future surgeon in my family, four more years of training.

(That's a Surgeon's approach).

I am a surgeon and looking for something a little more passive or that I can handle on nights and weekends instead of the workday.

The big piece of bad news for the day was that the foundation — which we assumed was cinderblock with a brick facade that we were hoping to save for the reconstruction — was actually made of just brick, and it crumbled during the demo.So, it appears we’re going to have to rebuild the entire foundation.

I know someone who is in reconstruction after disasters and definitely states this is where the money is.

The contracts they want used have addendum upon addendum, buyer's information sheets, POF requirements, short, or no inspection period requirements, and so on and so on.If I needed brain surgery, I would go to a professionally licensed and trained brain surgeon.

You can refinance whenever you want, you can do a value-add or heavy rehab, heck you can completely reconstruct the property if that's what is needed.