However, you may find it difficult to qualify as a real estate professional with a full time W-2 job...unless your spouse is an RE professional...or you have equity ownership in your W-2 job and it is involved in a real property trade or business.If this is anything more than a hypothetical I encourage you to discuss with your CPA/EA.

We also offer online training every day of the week however, as a new agent, I would recommend aligning yourself with a bricks and mortar brokerage so that you learn the tricks of the trade sitting side-by-side   seasoned agent and a broker to walk you through the nitty-gritty.

, but you would be trading that benefit for a loss on the back end.

Agree with @Michael Plaks1245 property associated with a residential rental trade or business can be S179ed unless otherwise excluded by the provisions of Sec 179.It should be noted that the only 1250 property allowed under Sec 179 is nonresidential in nature.

Also the business has to be active trade or business.

Substance over form.The Service would be concerned that the personal credit card expenses were actually used in your trade or business. 

@Darius HowellI’m not sure I understand your cap rate argument completely but I imagine like most sellers he wants at least what market is selling for.The first thing I would do is call a commercial broker in your area and see what similar assets in a mile to 3 mile radius have traded for in last 6 months.That’s your base.Now figure out what cap rate the property could be at after stabilization.

I've been in touch with Veterans First Mortgage, trade name of Wintrust Mortgage, a division of Barrington Bank & Trust Company, N.A., a Wintrust Community Bank.

Mom & Pop operations are still much more liable to let you trade work for $$, ect.

For example, if you could trade free labor, project oversight, etc. in exchange for learning the process from beginning to end it would absolutely be worth it.