Once the plan has invested into assets like real estate or securities, that value is no longer covered by FDIC. 

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.

Hi Everyone, I hope you are enjoying the long weekend, I am from Regina, SK, And fairly new to Real Estate Investing.

Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.

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.

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

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

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

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.