If you are a licensed real estate agent and end up selling your own property, do you still get to write-off the real estate commission against your profit/loss on the sale?  

How much you reserve depends on age, condition, and a few other factors like 'Do I want to save the reserves because ill need them to replace items' or 'i save the reserves to make sure I'm profitable in the long run'.

The days the angel investor realize they are betting on non-profitable companies in SFBA are not too far.

It is an 18 unit building in a very fast growing neighborhood and just by doing simple due diligence(50% rule, cap rate ratio) it should be pretty profitable.

@Jonathan Taylor generally this can resolve by giving lender audited profit & loss worksheet for current year.

No CapEx) Monthly profit: $70.46 (so basically nothing)Cash on Cash ROI: 0.79% (ouch)Cap rate: 8%As you can see, the numbers are grim...My options as I see them are as follows:1) HELOC to gain access to this equity.

I feel it will be tricky to find financing that early but hopefully I build proper connections and create a game plan that investors will feel confident with the deals I will successfully make profitable. 

Then hopefully you can still add in a profit.

Then when we sell, get back my renovation cost and split the profit with the seller.This would cut down on my cost of money and turn a reluctant seller into an enthusiastic JV partner.Good idea?

If there's a profit in the end my taxable income will be reduced thus offsetting the tax I paid in earlier years, so, I think it does 'zero' out.I don't think anybody truly understands how this all should be done, probably not even the IRS.