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.

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".

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.

I actually started flipping with little money and then transitioned to wholesaling because my goal is to build an active business in real estate, and for me, wholesaling was and is more scalable and profitable than flipping.People tend to think wholesaling is easy based on how gurus portray it online, but it's not.

Obviously when COVID hit the scene in mid-March, business came to screeching halt.

Second, I should not rent to a tenant that I also have a business contract with.