So the basis in your new property includes the profit from the old property.If you sell your new property for a loss that net sale is offset by the basis. 

Any guidance or resources to deepen my understanding on this subject would be greatly appreciated, as I'm fully committed to investing the necessary effort.

I am an agent for a brokerage whose line of work is EXACTLY what this post says.

You’re going to pay this entity more money than anyone else in your life.If you're successful, that could mean that you will pay them millions over the course of your business career.So who is “this entity?”

Who is actively investing (or hopes to) invest in this market?

Hope this helps! 

Like I have said a bazillion times, this is a cool place!

A few insurance companies or financial institutions with strong relationships in the insurance space often provide this service.From my research and personal experience, MassMutual and Northwestern Mutual are well-known for offering policy loans or lines of credit against whole life policies.

This is exactly what I needed.

Any tips or opinions on this topic would be much obliged!