Sure, you are trading active vs capital gains tax rates and if you defer the gains using a 1031 exchange this all makes more sense.

I have not tried contacting a local credit union in Kansas yet only lenders I will look into that thank you.I took my brother in law to the dealer about a year ago to have him trade his car in because of him ruining my credit but he was upside down 7000 so I didn’t want to put up that upfront cost to leave him without a car, i may be too nice sometimes.

If so how was the process and the out come

This goes for all other trades also.

I also spend time listening the the podcasts and I really enjoy the content.By family trade I was to be a third generation clothing store owner.

If so, keep in mind there are privately traded REITs and publicly traded ones. 

We don’t know what the outcome will be.

You need a name to trade on, but the name of your business won't make you any money so make sure to focus on what's important. 

Here is what you need to be able to classify yourself as a Real Estate Professional.Note: I have 20 rental houses, rehab and flip houses have a Vrbo Lake house that I manage and I am can't classify myself as a Real Estate Professional because I have a day job.According to the IRS, to qualify for REPS you must meet both of the following conditions:More than one-half of the personal services you performed in all trades or businesses during the tax year were performed in real property trades or businesses in which you materially participated.

A less than desirable outcome would be to limit CAPEX to maintain a 8% ROI.