Having him be a dealer is good and bad.

Since dealers can have different tax treatments for separate properties, future structuring matters.

They are known as the Winthrop Factors-The purpose for which the property was initially acquiredThe purpose for which the property was subsequently heldThe extent of improvements made to the propertyThe number and frequency of sales over timeThe extent to which the property has been disposed ofThe nature of the taxpayer’s business, including other activities and assetsThe amount of advertising/promotion, either directly or through a third partyThe listing of the property for sale through a brokerThe purpose of the held property at time of sale; the classification as an investor or dealer is determined on a property-by-property basis.To me intentionally buying a property to renovate it to resell it for profit, twice in the same year, and opened an entity to do it in ....is going to be ordinary income and not capital gains. 

They are a Lennox dealer and they will definitely show up.

Quote from @Joe Sera: @Vladimir Kotomin You can't purchase a DST directly from a DST Sponsor, you must use either: a commission based Broker-Dealer (BD) or Registered Investment Advisor (RIA).   

We had a broker dealer arrangement and used their invest direct button since we had a regulation a+ offering.

Having Dealer status subjects the income to SE tax; but even then it doesn't apply to the real estate dealer's rental income.

Set a new price record for the street and got rid of the drug dealers Lessons learned?

This a was a deteriorated house on my street that was previously occupied by a drug dealer.

I own two Versity/Crew properties and have similar frustrations and experiences with them AND the broker/dealers who handled my transactions.