I believe that i can file a form 8832 to classify it as sole-proprietor.  

The company has 2,043 SFR classified as 'Raleigh' in my data set, purchased from 2012 through 2017.

I have my favorite gear classified ad sites and get much better deals at those sites.Note a value add does not need to be constrained to simply rehabbing a property (but that is what my value adds have consisted of). 

Hi, @Will JohnstonThis is not technically classified as rental income, it is classified as boarder income. 

This would classify him as a builder/dealer and hes going to pay ordinary income on the income from the construction sales. 

Begin classifying transactions according to your chart of accounts.

To my knowledge, a real estate company wouldn't be classified as a financial services company.

@Josh Oaten how can I classify areas such as class b or c?

Generally , when losses are recorded on the sale of section 1231 property, that loss is classified as an ordinary loss and is 100% deductible against other ordinary income. 

And, I would suggest that some of the areas of DFW which I classify as "C" neighborhoods would easily be a "B" in other large metropolitan areas.