I get emails from wholesalers all the time, re pumping a property with a new lower price... seems like they are sending out the first one with a hail mary fat profit to them price, and then dropping it every week... 

You can get sideways in a smaller deal just as quickly as you can in a larger one. 

Regarding the passive loss rules, once your losses exceed you income, you can in fact apply those losses against your active income to a point, depending on how much you earn. 

Also just run your business plan by the department or Real estate in your state and ask them they are the final authority no on on BP should be trusted with this type of advice.. me included LOL@Josh Williams  that's not correct at all.. if you buy and close on your deals and resell then yesbut is suspect most of the folks who fancy wholesaling are looking to get paid a referral fee on the hud or some other type of brokerage type payment and in many states this is simply not legal. you can in all states except WI buy and resell your own property with out a license. and WI has a threshold I believe of 5 a year..

Make sure you have done your homework on that house and know every piece of information you can in the area and have a good network of people local to bounce things off of.  

I think there are 3 main reasons:Financial ignorance: most people I know are happy to follow the 401k path to wherever it leads and worry more about where they are going to go on vacation that year2) Laziness: RE investing is not something that can be done well while sitting in front of your computer and just clicking where someone else told you until you think you're smart enough to click where you want3) there is rarely a "fat pill" in RE investing.

LOL.if you take the depreciation then want to sell your Jet your going to get wacked with one bit fat tax bill .... unless you can dump off some asset that you lost money on and can offset it.

I'm a first time investor\homebuyer and I've been studying as much as I can in my free time (and of course listening to all the podcast​s on here) and I've come across a house that my friend is selling in Fort Collins that seems like the perfect place to get my start.

Construction management for keeping things on schedule and on budget should help as well.Outside of that, it is my opinion that you can learn just as much if not more here and on YouTube and reading books than you can in college.

I would love see what your company has done and see if we can in work together in some capacity.