I'm surprised by that value and would have thought the actual value is closer to the assessed value of around 1.5x the value of my lot -- the neighboring lot is identical but has a building and businesses on it, and is appraised at just $100k more than what their appraisal shows for the unimproved lot. 

@Russell Brazil I own the properties under an LLC, but there is a commercial EO fee for commercial, income properties, or business opportunities for $350. 

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

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.

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 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. 

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!

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.

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