It taught me a lesson I’ll never forget: in this business, a deal isn’t real until it’s closed.

My name is Pete and I'm looking forward to buying rental property income in the near future as well as increasing my knowledge and education in real estate.

I am extremely interested in all things real estate but do not know how I want to pursue it after I graduate this year.

Hey, I have $80K-$90K liquid money Interested in investing in real estateI have experience of 2 years of wholesalingMy goals are to increase capital + accumulate properties.

The depreciation of the asset is not a "real" cash flow for your purposes. 

This means that you don't need to create new accounts, like rent, and expense categories that are specific to rentals and real estate, but Buildium is expensive and for people with larger portfolios. 

Is there any silver lining to this proposal or it would it truly in fact be a large blow to the real estate community?

Hello Jennifer,For Seller Financing, you would write your offer just like you would with 3rd party financing.I would think that Florida Real Estate Commission has a Seller Finance Addendum to add to your contract, on the addendum you would fill out the terms you are proposing. 

This loss could reduce your taxable income on a dollar-for-dollar basis, especially if your Modified Adjusted Gross Income (MAGI) is under $150K.However, the debt must be bona fide and a real, enforceable obligation.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?