Quote from @Chris Seveney: @Jay HinrichsYup and people will buy them at tax sale then sell them seller financed for $5k after paying $100 to some sucker who wants to own vacant unbuildable land in middle of no where for $100/month that model is a huge business bigger than most anyone can fathom frankly.

Hi Parker...I can definitely help you identify the best turnkey operators in the business.

Hey Evan, you sound like you already have a pretty good start to getting into the REI business.

You are selling it to a business entity.

I'm a business major so I enjoy and understand numbers but I'm very wet behind the ears when it comes to real estate.

This has always been a massive dream/goal of mine to pursue, so the fact that it is now a time in my life that I can, I am ready to dive into this business, and see all that it has to offer.Thanks for reading, and I look forward to connecting in the BiggerPockets world here soon!

I used to work for a utility in operations, power generation, energy trading and in Strategic planning, and know just enough about the electrical grid to be dangerous.Renewables are a significantly larger impact than when I was working in the business. 

Unfortunately for Statefarm, she is a small business owner in San Deigo with a large following.

In this case, the loss limitation is $25k per year AND your $25k loss threshold for the year begins to phase out at $100k in income and are completely phase out at $150k.If you have real estate professional status and are materially participating in long-term rental then the $25k loss threshold is removed (there is still a business loss limitation that you need to be aware that f but it is much higher then $25k) Would recommend finding CPA that understands real estate and REPS.

One doesn't allow business accounts dealing with crypto, one wouldn't allow a LLC account for retirement funds, and another wouldn't open a business account "because it's not a business".