The gist of it is that when you dispose of your entire interest in a passive activity in a fully taxable (as opposed to a tax-deferred) transaction to a non-related party, i.e., selling a non-grouped rental property in a taxable sale to a non-related party, both current and suspended passive activity losses generated by that activity can be deducted. 

If you would classify this as more of a hobby which most people won't the first year, then the losses won't benefit you.

Loan-related fees and expenses3. 

Hey Bigger Pockets community, I'm just starting out in Step 1 (get educated) on what I want to become a successful career in real estate investment.I also currently run an e-commerce business that is currently completely online, but would benefit from having a brick & mortar storefront, and I had an idea that maybe using the investment capital I'm looking to allocate into real estate into a commercial property my business can operate out of until I decide to sell the property in or rent it out to another business.I am obviously very naive when it comes to the complexity of any good real estate deal (especially commercial VS residential), but I'm hoping to spend as much time learning from everyone here who is on their journey as well.My main concern with the idea of buying commercial to operate my business out of it that I might struggle to rent it out afterwards and that there may likely be depreciation in the commercial real estate market over the next 5 years.I understand there is a lot of nuance depending on the local market but I'm guessing commercial is even less of a "safe" bet than finding a solid residential deal to leverage in some way.

If that time is relatively short, then a refi might make sense.

Why would you buy an out of state property, with all the related risks, when you can get a similar if slightly smaller yield on a completely liquid investment? 

For 1 property, its a cost/benefit analysis in my opinion.

Too many investors are not aware of the tax benefits and extra cash flow that could be theirs.

I’m starting to lean more towards private lending as a way to get my toes wet and get my money working for me in a relatively stable way.I’m looking for educational resources or literature.

In my experience, however, I don't think there are much benefit from doing this versus just opening a new LLC for your PA investments.