You could potentially be liable as an individual, without the protection of a corporation/LLC, and without the benefit of insurance coverage.  

If you bought this yourself and are not a corporation then I think this 20% would be income that could be taxed.  

It took me over 15 years working in the corporate world to come to that same conclusion so congrats on getting their sooner.Here's what I will tell you....wholesaling is a sales and marketing business.

A real estate broker, for the purposes of this article, is defined to be a person, firm or corporation who, for a fee, commission or other valuable consideration, or by reason of a promise or reasonable expectation thereof, lists for sale, sells, exchanges, buys or rents, or offers or attempts to negotiate a sale, exchange, purchase or rental of real estate or an interest therein, or collects or offers or attempts to collect rent for the use of real estate or solicits for prospective purchasers or assists or directs in the procuring of prospects or the negotiation or closing of any transaction which does or is contemplated to result in the sale, exchange, leasing, renting or auctioning of any real estate or negotiates, or offers or attempts or agrees to negotiate a loan secured or to be secured by mortgage or other encumbrance upon or transfer of any real estate for others, or any person who, for pecuniary gain or expectation of pecuniary gain conducts a public or private competitive sale of lands or any interest in lands.

Lately, the management company has been telling us that the property has been treated incorrectly as a condo and not a coop, and that we need to go back to treating it as a cooperative corporation.  

hello to all. i am looking for some information on a private lender listed here on BP. his name is tom woodward and his company is corporate funding group. just wondering if anyone has had any experiences with him and his organization. 

Maybe then open an LLC (I am not a licensed attorney) you would have to speak with in attorney to determine whether it is best for you to go LLC of S Corporation etc then find a good tax accountant.

@Jerry Tuzil It'd be a flip/investment 100%, and could be titled either in my name or corporate.

So what your basically saying the small guy once again being destroyed by big corporations.  

If you are ever sued the attorneys will attempt to "pierce the viel" which means to show that you were operating as an individual rather than a corporation.