We needed a place to sleep immediately that would not be a health hazard for our unborn child and ourselves, so we signed a lease for our current apartment of 456 Alternative Street.

Any online alternatives?

It'll depend on the square footage of the roof, the type of material you want to use and generally where in NC you are.

Hotels/Resorts have historically taken a large hit during economic decline, BUT do Vacation Rentals get lumped in with hotels OR do they offer a cheaper alternative and continue steady?

Is the seller open to alternate forms of financing (i.e. seller financing, master lease options, etc.)?

(Your rate should be around 4% for a 5/20 ARM if you are qualified and properties cash flow nicely).Alternatively, if your rates are better than that or you don't want to lose a 30 yr fixed note, I'd just get a commercial mortgage on the new home you are purchasing.

You’re going to seek out alternative financing and lending.

How much is the rehab (materials and labor cost)?

Here is what you need to be able to classify yourself as a Real Estate Professional.Note: I have 20 rental houses, rehab and flip houses have a Vrbo Lake house that I manage and I am can't classify myself as a Real Estate Professional because I have a day job.According to the IRS, to qualify for REPS you must meet both of the following conditions:More than one-half of the personal services you performed in all trades or businesses during the tax year were performed in real property trades or businesses in which you materially participated.

However, I was discouraged by the requirement to install sprinklers especially since it's a historic home built in 1925 and I completed extensive renovations just 1 year ago.Is this sprinkler requirement a dead end or are there alternatives that would allow me to still pursue licensing?