A real estate agent / brokerage trade or business doesn't constitute a 'specified service trade or business' under IRC Sec 199A.Best to talk to an attorney for the legal perspective, a tax CPA/EA for the tax perspective.You have Disregarded Entity, C Corp, or S Corp at your disposal for tax, assuming you're the 100% owner.

For this particular duplex, both apartments are in  good/ modern shape, fresh paint, nice flooring,stainless appliances, and some little extras (lighting or tile). 

You posted this in the mortgage subforum, so I assume that's the perspective you're interested in.

Certainly hadn't thought of some of the perspectives you described above.My impression is that you have quite a bit of experience, so thank you again for your feedback.Jesse

A CPA would have more of a tax perspective, while an attorney would be more focused on the legal protection provided.

The information will be more up-to-date, full of real-life examples, and varying viewpoints instead of one person's perspective on how it's done.  

@Damon Cameron Jr there’s no such thing as failure and the sooner you understand that perspective the sooner you’ll really take charge of your own life.

This is probably an oversimplified perspective but with my personal STRs, I got spoiled with a lot of expensive, long, and unprecedented stays thanks to Covid.  

I spent a lot of money adding new laminate, fresh paint, and a new water heater when I moved out, so the property is in good shape.

My wife and I want to do this, but need some one to evaluate the business startup from our perspective and make/give recommendations.