In the meantime, think "time value of money", you get the use of that money to leverage into another property, do needed renovations on an existing property, pay for your kids college tuition, or keep your business afloat until this pandemic goes away and you can take a needed vacation.

Myself, significant other, and my close friend/business partner have been renovating his personal residence for the past few months with the intention of renting it soon.

Being a wholeslaer is having a business.You are in the business of finding and buying land/contracts for a short duration and then immediately selling them.One typical expense for a wholesaler is all the advertising costs to find motivated sellers.

For example, a quiet neighborhood that used to be a busy factory area might have hidden issues, like pollution.

Just like with a residential mortgage would they need business tax returns as well for add back purposes?

My thought was also to just rent the lot itself as it's located on a pretty busy lake. 

After many problems over the last couple years, I really want to just let the situation take its course and get a new business owner in there.

The length of holding only matters AFTER you already determined it was a capital transaction, as opposed to a flipping business.Step 1: business or investment?

I never give out my contractors name for renovations because I keep him busy enough and he also has many other projects.

My wife and I drive through there occasionally going to Pittsburgh and we've noticed a lot of new businesses to catch the new activity.