Interior Designer turns REI - How to capitalize?

[Account Closed]

Hi all! I'm an interior designer, own my own business and am just beginning the process of REI with a partner. Our plan is to buy and remodel but then sell and use 1031 exchange to purchase better properties, with an end goal of a large apartment building to hold. I would do a cash-out refinance after the rehab to re-coop my monetary input for the remodel, and then sell the property. My question is how would I be able to use my interior design business in conjunction for materials purchases and to manage/pay my sub-contractors? I have no problem managing the projects without a contractor, but I'm pretty sure I would have to input my investment company as a "client" in Quickbooks and pay my ID company back for the expenses to reflect correctly for my accounting. Obviously I would not be able to charge anything for my design services (that is the added value) but certain tangible items that I can put through my ID business for the REI project are below. Are there any other ways that I can capitalize on this dual-company transaction for tax purposes?

My ID project scope would include:

- Managing sub-contractors

- Selecting and purchasing materials (tile, flooring, countertops, cabinets, fireplace materials, etc.)

- Color scheme development/paint selections

- Lighting selection and purchases

- Revise electrical placement, as needed

- Selecting and purchasing plumbing and appliances

- Creating drawings or floor plans, as needed