@Bruce Harding if neither you nor the seller are experienced with this type of property I would recommend you both consider the value of engaging an experienced agent to represent your own respective interests.

Go grab your signs and throw them away.Of, if you're willing to engage in criminal activities to make a buck, look for more profitable opportunities than bandit signs and wholesaling. 

The CPA you spoke to was right, there are tremendous tax benefits for what the IRS calls "real estate professionals" The basic criteria is twofold: 1) you must engage more that half of your 'working' time in real estate related activities. 2) You must spend at least 750 hours involved in RE.What is considered real estate involvement?

,I already assumed, and mentioned it last month on a post that because you are from JAX, NC and standing in front of a red brick background, what looks like a headquarters building or chow hall on CL, that you were.Therefore, I'm not going to engage with you on a subject like this as I would feel bad if I made you look bad, so you get a pass.

If it is not, and the listing agent engages in it, that would be illegal, and he would be subject to disciplinary actions and fines. 

The trust rates were reduced slightly with the 2017 tax law, but not nearly as much as the corporate rates.2018 Estate and Trust Income Tax RatesIf taxable income is:                                The tax is:Not over $2,550                                       10% of taxable incomeOver $2,550 but not over $9,150          $255 plus 24% of the excess over $2,550Over $9,150 but not over $12,500        $1,839 plus 35% of the excess over $9,150Over $12,500                                            $3,011.50 plus 37% of the excess over $12,500Because of the new corporate tax rates, the use of a UBIT Blocker corporation may now make sense for those investors wishing to regularly engage in UBIT exposed activities such as house flipping. 

Some is, some isn't - so If you're serious about getting "creative", you really need to come up with a solid biz plan and consult with an attorney who can help you to put yourself in a defendable position with whatever strategy you come up with / engage in. 

Realized I needed to stop just reading/learning and start engaging the community and taking action if I wanted to grow faster.

Are you all, by your silence on this subject, saying that here in 2018, that none of you actually know enough about this topic to engage?

So, for those relatively few who do engage in virtual wholesaling, or at least those who know about it, how do you solve this conundrum?