I clearly need to get more educated on my tax situation!

You are missing a poison that is not the fault of the person posting, but rather of high priced educational salespeople in the wholesaling industry.  

Bigger Pockets is a great place for education and networking and is full of great content.I recommend that you check out the following resources:1.

By that I mean - yes you may take what seems like a bigger hit selling the property at a loss but then it clears you to take what you learned, and the money you did get back, and move onto something else with this experience and education you got from tackling this project. 

They’re known for their team approach, offering comprehensive inspections and detailed reports.

@Anthony Blanco100% through networking and building a positive reputationI do not sell - I provide a lot of content and education to people (at no cost).Networking, assisting others and when you have a deal make sure it goes well and build a track record is the way we have done it

If active, spend time on education and mentoring. 

Wholesaling, when done right, can be a win-win for everyone involved, and my goal is to ensure that happens through transparency and education.

It's a bit more focused on education.

Bigger Pockets is a great place for education and networking and is full of great content.I recommend that you check out the following resources:1.