California does not recognize Real Estate Professional (REP) status, but you can still claim it on your federal taxes if you qualify.

You might have other options to explore to drum up liquidity (HELOC, Margin Loan, Policy Loan, etc) that can supplement your HYSA in the DP.

I am a new investor looking for opportunities to invest in real estate, especially wholesaling, rental properties, and fix and flip.

Quote from @Brian Hill: Do anyone have a recommendation for a San Antonio Real Estate Attorney that deals with creative financing and title work? 

@Michael LabudzkiWhat category of commercial real estate are you considering?

Quote from @John Reagan Johnson: I am new to the real estate industry and am looking to connect and exchange businessIf you are new I would suggest something totally different. 

I have lumber liquidators, home Depot, Lowe's, and who knows what else near me (central CT).

We both run our own businesses but we feel that real estate will help make sure we both maintain our life plans of not needed to work as much any more.

Real Estate has always been my passion.

You'll still need some liquidity for reserves and to be reimbursed for work completed in draws, however its usually limited to 10-20% of the rehab budget needed in reserves to make the deal work.You're welcome to DM for more details if interested. 👍 Good luck!