Applied against active income if you fall under the MAGI thresholds. 

@Layton E Bailey I would suggest linking up with someone who is already actively wholesaling in the area and offering to work for free or buy them lunch.

Had she stayed as a tenant you could have had some creative solutions like section 8 help or an active aging program but the outcome is fixed at this point

I’m currently active duty in Colorado and intend to separate in January 2020 and love the idea of real estate investing.

S - Corp is generally best for active businesses. 

It’s a numbers game of buying lists or driving for dollars .. taking note of rundown looking homes and sending out thousands of mail pieces and working to convert motivated sellers into selling their home . https://www.marketwatch.com/story/home-flipping-activity-reaches-six-year-high-2018-06-07

I'm very excited to be more active on Bigger Pockets. 

Flipping is considered active income and it will be taxed at your personal highest tax rate, if done without an LLC or with a disregarded LLC.

Also, Brew City REI meetup has an extremely active forum.

After I informed them to fix it (duh); they called my wife and played the sympathy card for the family in the house.