If you are married and both gainfully employed, you can each get up to 10 loans separately. 

That puts more money in the fund to protect taxpayers – and it puts more families in homes so they can live out the American dream."

Migration data from the Internal Revenue Service, or IRS, show that as of tax year 2014, the average income of taxpayers leaving Illinois was $77,000 per year compared to an average income of $57,000 per year for those moving into Illinois.

Luckily I am married and my wife has been frugal, and among other things she does, she has been saving money for about 25 years.  

The issue is that the "seller/taxpayer" must have had the intent to hold the relinquished property for rental, investment or business use.  

But once you're over the income limit ($150k if married) then you may not take those losses. 

@David Fritch, It sounds like your LLC doesn't own real estate and owns an interest in a tax paying entity that owns real estate.  

If you are married and file a joint return, the tax-free amount doubles to $500,000.

We are Julie and Jason Rhodes, a married newbie team from Westminster, Colorado that are starting a journey towards financial freedom through real estate investing. 

Moving to New England to eventually marry my girlfriend.