More details are required, such as whether the house was purchased for the purposes of renovating and then resale, whether the house was purchased for rental income and, if so, were substantial services provided or was the house being rented on a short-term basis, etc.
For example, if the house was purchased to flip, then you (or the company) will most likely be considered a real estate dealer and the gain on the sale will be ordinary income (not capital gain).
If the house was renovated with the purpose of renting the property (i.e., passive income), then the house would be a non-portfolio asset for the purposes of entering the transaction into the program (examples of portfolio assets would be stocks, bonds, mutual funds, et al).
