Or hire a professional who specializes in selling this type of asset.

Paul involves attending meetups and joining REIAs, working with professionals like CPAs, lawyers, and agents.

Real Estate Professional status and Trade/Business are two completely separate issues. 

Most of our MTR properties are located in Indianapolis, and the majority of our tenants are traveling healthcare professionals.

When the transaction closes, the purchase is funded, and we set aside additional funds in an escrow account to pay predetermined professionals to make any required or desired repairs or upgrades to a property AFTER the buyers settle on the purchase transaction.

Since non-permitted work could impact insurance or liability, I’d consult local authorities, hire professionals, and confirm zoning compliance to ensure a smooth process.Good luck!

Note: Our initial goals are to wholesale to build immediate working capital (targeting $150k) and hold for cash-flow to build 10k/mo FCF (free cash-flow).We have made some cash buyer connections, identified and underwritten potential deals on hundreds of current deals, and developed professional relationships in our target community (cleaning, construction, governmental). 

I don't butt into his business and we keep a professional, yet friendly relationship. 

With a mix of college students, medical professionals, and blue-collar workers, the rental market stays pretty steady.

Readers should seek professional advice.