Also, it can avoid filing an amendment.Another great point on eligibility- SEP IRAs require net self-employment income from activities like 1099 contract work, real estate sales, wholesaling, or other self-employment business income.Passive income as you have highlighted, does not qualify. 

I am in the LSU Business Management program working on my Bachelor’s degree.

My MIL owns a floral business and apparently the credit card she uses for her business is keeping her from refinancing.

So there are a million realtors, loan originators, accountants (RE is, for most, not complex vs other small business.)

If you used them to purchase another rental/ use for another business endeavor...the process starts over. 

🔄 The Side-Hustle Timeline: How to Build Your RE Business While Working 9-5Ever feel like your W2 job is holding back your real estate dreams?

I don’t see anything wrong with endorsing a business that is great at what it does.

If you lack the funds to flip any other way, go for it, but do understand it's not a business model for long term success. 

.- Working a W2 as a firefighter, posting and consuming content- Leaving my W2 to dive deep into real estate investing and working as an agent... and still watching/posting content all while business was ok - Deleting social media apps (one have one on my phone that I use 10 minutes or less a day), diving deep into building my business and skills which have drastically increased due to pure focus and increasing my business significantly- moral of the story... focus on the things you need to do in business (dollar productive activities) and life experiences while reducing consumption will increase your success  

It takes capital to do this business and if you don't have it I wouldn't suggest throwing it into a marketing machine for wholesale deals.