Income is pretty regular, but isn't guaranteed.

In fact, if you approach regular folks with slick, high polish campaign and you talk really fast, you might come off with "salesman breathe".

I see her go above and beyond regularly.

I see this question periodically and the online reviews seem to change regularly. 

Regarding depreciation - it will depend on if the units were "in service" at the time of the rehab.There is regular depreciation, bonus depreciation and potential immediate write off with some safe harbor.If you did the tax returns yourself, you may want your future accountant to review your prior year tax returns.

You then need to weigh the benefit of taking this approach versus regular transacting as an agent.In most states that I know of you are not required to be a REALTOR.

@Rolanda Eldridge We love raw land.I use landwatch, zillow, trulia on a regular basis and sometimes eBay to establish comparison values for vacant land.  

Typically the depreciation threshold you want to look at is $500 provided you do regular bookkeeping.

In the following from the IRS website on the Net Investment Income Tax the word "regular income" is used.

The brokerage is what will help her learn from brokers/agents who are successful and close deals on a regular basis.