After talking with a few CPAs and researching for hours, i have not found a good answer to the question of, is there a better tax advantage then just claiming the 7k we spend on the subdivision process as land improvement? 

Hi All,How do you verify if someone claiming to be an RE investor is legit? 

One cool thing about commercial solar is you get the federal tax credit as well as you can claim accelerated depreciation on the system which usually equates to an extra 30% you get to write off within the first 5 years.

summary :: rich folks try to claim child is a public nuisance.

Have you been claiming the rental income from downstairs on your taxes?

So this is a great opportunity for you.You can continue to rent that property and as long as you close it's sale within 3 years of the time you moved out you can still claim that you have lived in it for 2 out of the previous 5 and take that profit tax free with no reinvestment requirements.  

So why is it that all these people are claiming that they, or someone they know, is killing it in wholesaling?  

We are making the claim against earnest deposit for buyer failing to close.

For example, I don't just send my trusted electrician to any random person who claims to want one "ASAP". 

If you can sue in small claims court without benefit of an attorney at minimal time and energy cost, it's worth doing just to document what's happened, that you have some sliver of collecting, and protecting future landlords who check on these things.